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  5. Cable & Wireless Communications Acquires IT Outsource

M&A Deal Summary

Cable & Wireless Communications Acquires IT Outsource

On July 1, 2020, Cable & Wireless Communications acquired information technology company IT Outsource

Acquisition Highlights
  • This is Cable & Wireless Communications’ 1st transaction in the Information Technology sector.
  • This is Cable & Wireless Communications’ 1st transaction in Cayman Islands.

M&A Deal Summary
Date 2020-07-01
Target IT Outsource
Sector Information Technology
Buyer(s) Cable & Wireless Communications
Deal Type Add-on Acquisition

Target

IT Outsource

Grand Cayman, Cayman Islands
IT Outsource Ltd. provides IT managed and support services, cloud back-up, security services and enterprise hardware and software solutions focused on clients in the financial services, insurance, government and tourism sectors. IT Outsource is based in Grand Cayman, Cayman Islands.

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Buyer(S) 1

Buyer

Cable & Wireless Communications

London, United Kingdom
Category Company
Sector Communications
Employees7,238
Revenue 1.8B GBP (2015)
DESCRIPTION

Cable & Wireless Communications plc is a telecommunications company providing service to the Caribbean and Central America.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Cayman Islands M&A 1 of 1
Year: 2020 M&A 1 of 1
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