TeleBarbados Inc. is a recent
start-up
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
company in the country of
Barbados
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estimate). ...
gradually gaining a reputation for malicious phishing activity from their association with the Freemotion webmail domains accessible via mail.free.bb.
Started as one of the first competitors in the new liberalised telecommunications market of Barbados, TeleBarbados is reforming itself to be a major competitor of the longtime
monopolistic
A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a spec ...
incumbent telecommunications provider
Cable and Wireless. Principal investors of TeleBarbados include
Barbados Light and Power Holdings (LPH) (25%) and
Canadian International Power Company Ltd. via their parent company
Leucadia National Corporation
Jefferies Financial Group Inc. is an American financial services company based in New York City and listed on the Fortune 1000.
Investments
The company's major holdings are as follows:
Financial Services
* Jefferies Group (100%) - investment b ...
(75%). Leucadia also controls a 37% stake in Barbados Light and Power Company.
However, in September, 2012, Leucadia National Corp. divested their ownership in TeleBarbados for $28M according to their November, 2012 10-Q filing.
To date, TeleBarbados has formed a new under-sea fibre link from Barbados and
Saint Lucia
Saint Lucia ( acf, Sent Lisi, french: Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs, two Amerindian ...
to the Eastern
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. This was carried out under the subsidiary called
Antilles Crossing.
References
{{reflist
External links
Official websiteBarbados Light and Power CompanyStrategic partnership coming
- Wednesday, Novovember 1, 2006: Barbados Advocate
TELEBARBADOS EXCITED ABOUT ITS SERVICES
- Monday, October 30, 2006: Barbados Advocate
Telebarbados and SolutionInc form strategic partnership to provide internet services
- Wednesday, October 25, 2006: Barbados Advocate
TeleBarbados to acquire Freemotion ISP
- Tuesday, September 5, 2006: Barbados Advocate
NEW COMPETITOR ENTERS BARBADOS TELECOMMUNICATIONS MARKET
Internet service providers of Barbados