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24th of January 2018

Economy



East End Group & Celeritas Acquire TBi - Bernews

The East End Group [EEG] today [Dec 29] announced that it has partnered with Celeritas Limited to acquire TeleBermuda International Limited [TBi], a Bermuda based provider of high-quality voice, internet and managed IT services.

“Bermudian-owned EEG is the proprietor of East End Telecom [EET], the leading public safety and wireless communication provider in Bermuda and the owner of the wireless ISP, Bluewave. Celeritas is a local telecommunication investment firm and a subsidiary of the Mayfair Group,” the company said.

“This acquisition ensures that TBi will continue to provide the highest level of service to their clients, and more importantly, remain a Bermudian owned company.

“The purchase also offers the opportunity to leverage synergies between EET, TBi and Bluewave, Bermuda’s newest highspeed wireless internet service provider. The aim is to build on each company’s core competencies to solidify their positions as consistent providers of innovative products and services.

“To ensure a seamless transition for TBi clients, its current President Greg Swan will be retained during the transition period. TBi clients will be directly contacted regarding this acquisition. It is anticipated that the immediate impact on their accounts will be insignificant.”

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