WestStar sale: company requests ICTA to transfer 100% of its shares to BOTCAT
Further to our two stories relating to WestStar TV being sold (see www.ieyenews.com/2012/07/weststar-in-agreement-with-outside-company-to-sell-majority-stock/ and www.ieyenews.com/2012/03/weststar-no-sale/) the latest edition of the Cayman Islands Gazette has published a “notice of proposed Transfer of Shares of an ICTA Licensee”.
The Notice states “WestStar Holdings Ltd. has requested the prior written consent of the Information and Communications Technology Authority (the ‘Authority’) to transfer 100% of its shares in WestStar TV Ltd. to BOTCAT Holdings Ltd.”
A copy of the Gazette Notice is shown here.
WestStar TV was founded in the Cayman Islands in 1993, and also holds a 33% ownership stake in Bermuda Cablevision, Hamilton’s leading cable-TV provider.
The cable company in its original prospectus said it had 140 channels and 12,800 subscribers equating to 55% of Cayman’s 23,100 residences.
CITN – Cayman International Television (Caribbean) Ltd (also known as Cayman27) was sold to WestStar TV in 2002/3. CITN has been broadcasting free over the air since September 10th 1992 and on the WestStar cable network from 1993.
