Telecommunications firm TeleBermuda International Ltd has been bought out by the East End Group in partnership with Celeritas Ltd.

EEG owns the wireless internet service provider Bluewave and is a public safety and wireless communications provider.

Celeritas is a Bermudian telecommunication investment firm and a subsidiary of the Mayfair Group.

TBi provides voice and internet services, as well as managed information technology services.

In a press release today, the EEG stated: “This acquisition ensures that TBi will continue to provide the highest level of service to their clients, and more importantly, remain a Bermudian-owned company.

“The purchase also offers the opportunity to leverage synergies between EET, TBi and Bluewave, Bermuda’s newest high-speed wireless internet service provider. The aim is to build on each company’s core competencies to solidify their positions as consistent providers of innovative products and services.

“To ensure a seamless transition for TBi clients, its current president Greg Swan will be retained during the transition period.

“TBi clients will be directly contacted regarding this acquisition. It is anticipated that the immediate impact on their accounts will be insignificant.”