Columbus International Inc. Announces Acquisition of Lazus S.A.S.

Columbus International Inc. Announces Acquisition of Lazus S.A.S. 
FOR: Columbus International 
FEBRUARY 24, 2014 
Columbus International Inc. Announces Acquisition of Lazus S.A.S. 
BRIDGETOWN, BARBADOS--(Marketwired - February 24, 2014) -  Columbus
International Inc. ("Columbus" or the "Company"), a
diversified telecommunications provider in the Caribbean, Central America and
Andean region, is pleased to announce that it has signed a definitive agreement
to acquire Lazus S.A.S. ("Lazus") (formerly Promitel Colombia S.A.S.
from Ashmore Management Company (Colombia) S.A.S. ("Ashmore")). The
acquisition represents Columbus' largest investment to date in Colombia
and will further enhance its SME focused Columbus Business Solutions
("CBS") to offer advanced business-class telecommunications services
to the rapidly growing Colombian economy. 
Lazus is a privately held telecommunications infrastructure provider operating
principally in 10 cities across Colombia. The Company also owns and operates
telecommunication systems in Panama City, Panama and San Jose, Costa Rica.
Lazus' extensive, fiber-based network spans approximately 3,500
kilometers, spanning 12 cities represented by a cumulative population base of
nearly 23 million people. 
"The acquisition of Lazus marks yet another important milestone for
Columbus as we continue to execute on our focused business plan," said
Brendan Paddick, chairman and chief executive officer of Columbus. "We
have been, and continue to be, big supporters of growth in Colombia and our
latest investment further demonstrates our belief in the strength of the
Colombian economy and the quality of its people. Coupling Lazus' high
quality network infrastructure with our CBS suite of services will enable
Columbus to deliver next generation, business class telecom services to the
rapidly growing business community in Colombia. We look forward to welcoming
Lazus, its customers and its 190 highly talented professionals into the
Columbus family." 
Camilo Villaveces, President and CEO of Ashmore Colombia, commented: "The
sale of Lazus highlights the attractive growth opportunities across the Andean
region. We have been excited to work with the management of Lazus as they have
continued to execute on building their presence in Colombia and regionally. We
are also are delighted to have secured an attractive return from the sale of
Lazus for both our investors in FIC I and our co-investors who supported us in
this transaction." 
For further information please contact Brendan Paddick,;
Maxwell Parsons,; or Richard Hugh, 
Ashmore Colombia is a leading Andean private equity investor in infrastructure
with offices in Bogota. Ashmore Colombia is a subsidiary of Ashmore Group, one
of the world's leading Emerging Markets investment managers with over
twenty years' experience in these markets. Ashmore today manages US$75.3bn
(as at 31 December 2013). Headquartered in London, Ashmore Group plc has been
listed on the London Stock Exchange since 2006. 
Columbus International Inc. is a privately held diversified telecommunications
company based in Barbados. The Company provides digital cable television,
broadband Internet and digital landline telephony in Trinidad, Jamaica,
Barbados, Grenada and Curacao under the brand name FLOW and in St. Lucia, St.
Vincent & the Grenadines and Antigua under the brand name Karib Cable.
Columbus also provides next generation connectivity and IT solutions, managed
networking and cloud-based services under the brand Columbus Business
Solutions. Through its wholly owned subsidiary, Columbus Networks, the Company
provides capacity and IP services, corporate data solutions and data center
hosting throughout 42 countries in the greater Caribbean, Central American and
Andean region. Through its fully protected, ringed submarine fiber optic
network spanning more than 42,300 km and its 34,300 km terrestrial fibre and
coaxial network, Columbus' 2,700 plus professionals provide advanced
telecom services to a diverse residential and corporate client base of over
650,000 customers. Visit 
Brendan Paddick
Maxwell Parsons
Richard Hugh 
INDUSTRY:  Telecom - Cable and Satellite Services, Telecom - Networking,
Telecom - Telecommunication Equipment, Telecom - Telecommunication Services,
Telecom - Wireless/Mobile 
-0- Feb/24/2014 13:00 GMT
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