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paid $577,125 for a 47 percent majority stake in telecommunications company Quantum Communications, according to the company's annual report which is being sent to shareholders. Quantum, which began operating earlier this year, provides data communic...

What's the view from Silicon Valley, where the world's future is supposedly being mapped by gurus and geeks with gizmos? Dana Gardner, a reporter on the computer-slash-technology-slash-communications sector, thinks the industry is very much in its i...

Stung by what it calls a Cable & Wireless "propaganda campaign'' full of falsehoods, TeleBermuda International Ltd. (TBI) has itself gone on the warpath. The battle illustrates just how tough the competition is getting for the estimated $100 million ...

company for his claims that Government was not doing enough to address the spiralling costs in the health care system. Dr. Gibbons said on the contrary, Government was now focusing on providing incentives toward channeling resources toward more out p...

expo, which was gigabytes of fun. The organisers' recognition of the interrelationships between computer and communications technology was a boon to the expo's attractions, on display on April 1 and 2 at Number 1 Shed. The location was better than th...

Ltd. from Millennium International Ltd., the companies have revealed in a press release. As part of the deal, BTC will also pay off some debts Logic owed to Millennium. BTC and Millennium are listed on the Bermuda Stock Exchange. BTC provides local t...

trading members in what will be the first phase of the Bermuda Electronic Securities Trading (BEST) system. The system will allow members to trade securities over the network, expected to be completed within three months. "There are three phases to t...

alternative risk transfer market with Odyssey Re (Bermuda) and ACE Ltd. (see above story). The subsidiary, Chubb Atlantic Reinsurance Specialists Ltd., will be dedicated to underwrite and market reinsurance to the 1,500 captives registered in Bermuda...

Odyssey Re (Bermuda) Ltd.'s key alternative risk transfer underwriter and set him up to compete with his previous employer. ACE announced yesterday it was establishing a newly created captive reinsurance facility within the group. In a similar move C...

with advertising picturing a perplexed model wrapped up in telephone cord. "Compete? If only we could,'' the advertisement states, taking aim at what Cable & Wireless says is a "grossly unfair situation'' under which Government's telecommunication po...