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

Columbus International Inc. Announces Acquisition of Lazus S.A.S. 
BRIDGETOWN, BARBADOS -- (Marketwired) -- 02/24/14 --   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
For further information please contact Brendan Paddick,; Maxwell Parsons,; or Richard
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.
For further information please contact 
Brendan Paddick 
Maxwell Parsons 
Richard Hugh 
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