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Bermuda CableVision is to merge with Logic Communications Ltd. The news was announced today by telecommunications group KeyTech Ltd, Logic’s parent company, after it secured ownership of 100 per cent of CableVision’s shares. The CableVision name will...

Insurer Argus Group Holdings Ltd posted an annual profit of $16 million — despite taking a hit from hurricanes Fay and Gonzalo. The earnings for the year through the end of March 2015, which broke down to 76 cents per share, were up from $13.3 millio...

Former Digicel Bermuda chief executive officer Wayne Caines is consulting for rival telecoms firms Bermuda CableVision, The Royal Gazette has learned. Mr Caines left his Digicel post last July after six years with the company, but remained connected ...

Typical households will see their electricity bills rise by 7 per cent or more, if Belco’s application to increase its rates is granted. Under proposals submitted to the Energy Commission yesterday by the utility, residential tariffs, or the base rat...

Belco urgently needs to be allowed to increase its electricity rates in order for Bermuda to continue to enjoy a “first-world” electricity system. That is the view of Walter Higgins, the utility’s chief executive officer, who said a continuation of “...

A group of Ascendant Group Ltd shareholders intends to raise concerns about the direction in which the company is headed at Friday’s annual general meeting. The five are all former managers at Belco, a subsidiary of Ascendant, and they believe the el...

Belco could be burning natural gas instead of heavy oil fuel within four years, if energy regulators back the utility’s plans to change its principal electricity-generating fuel. That’s the view of Walter Higgins, the chief executive officer of Ascen...

Belco is achieving “abysmally low” returns — and utilities elsewhere in the world posting similar results are in danger of bankruptcy. That is the view of Walter Higgins, chief executive officer of Belco’s parent company Ascendant Group Ltd. Mr Higgi...

Belco is preparing to ask energy regulators for permission to raise its electricity prices. The imminent rate filing to the Energy Commission to change basic tariffs comes after Belco’s parent company Ascendant Group Ltd announced a fifth consecutive...

The America’s Cup will generate significant extra business for its official healthcare provider BF&M — and the insurer’s boss says the Island needs to grasp this unique opportunity to ensure the whole community benefits from it for years after the sa...