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Press Room

CBL To Sell Summit Broadband To Grain Management LLC For $332,500,000

BISX listed CBL Group announced today that it has entered into a definitive agreement to sell its Florida based operation, Summit Broadband, to Grain Management LLC, in a carve-out transaction for $332,500,000. The agreement follows a multiple stage bid process led by RBC Capital Markets.
President and CEO of CBL Group, Mr. Franklyn Butler, said "The sale of Summit Broadband will allow us to focus our resources on REV and ALIV, our core Bahamian operations. At the same time, we will be able to deleverage the group’s balance sheet, a key objective I committed to as part of the CBL Group’s Strategic Plan announced at the AGM in January earlier this year. I am proud to be able to deliver on this promise in such a significant way. CBL Group has undergone tremendous growth over the last six years and the performance of Summit Broadband has proved significant in contributing to these results. I wish to personally thank the management and staff at Summit Broadband for their contribution to CBL Group performance over the years and wish them well in this next exciting phase of their growth. I would also like to thank our shareholders for their tremendous support and patience and advise them the focus is now clearly on the REV and ALIV operations in The Bahamas.”
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REV warns of false e-mail scam targeting Coralwave customers

REV advised today that it has been informed of an email that is currently being distributed that falsely appears to be originating from the company and is targeting REV Coralwave customers.
REV wishes to inform all of its subscribers that this email, which speaks to new email features provides an unauthorized and fraudulent link for customers to complete and provide personal information, is not from the company and warns that no one should click on the link or follow any instructions contained in the post.
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REV warns of e-mail scam targeting REV customers

REV advised today that it has been informed of yet another Internet ad that is currently being distributed that falsely appears to be originating from the company and is targeting REV customers. REV wishes to inform all of its subscribers that this ad, which claims that the company is offering a free Samsung phone and other gifts and provides an unauthorised and fraudulent link for customers to complete a survey and provide personal information, is not from the company and warns that no one should click on the link or follow any instructions contained in the post. The fake ad is designed to deceive people into providing personal information, giving hackers access to the user’s e-mail. The company does not give instructions of this kind to its subscribers and advises all users to practice extreme caution when clicking on links of this nature, even when they appear to be from a trusted source. Customers are encouraged to contact REV support if they have any questions about REV promotions by calling toll free at 1-242-300-2200, via WhatsApp number 738-9060, by e-mail at support@rev.bs, visiting our promotions page or Facebook.
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ZNS & Parliamentary channel off-air for Family Island cable TV subscribers

Cable Bahamas Ltd advises that its cable TV subscribers on the Family Islands are currently experiencing an outage of service for ZNS (cable channel 11) and the Parliamentary channel (cable channel 38). This outage is due to an issue that the Broadcasting Corporation of The Bahamas (BCB) is currently experiencing with its “uplink” facility at the New Providence headquarters.
Engineers at BCB have indicated that they are working to remedy the situation.
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Unauthorized Payment Centers

Please be advised that there are several individuals and local businesses collecting payments on behalf of Cable Bahamas Ltd without the company’s authorization.
REV wishes to inform all of its subscribers that Cash n’ Go and participating banks listed on the company’s website are the only companies contracted to collect payments on behalf of Cable Bahamas. Customers that choose to utilize unauthorized payment centers are advised that they do so at their own risk.
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REV Sponsors Shakespeare in Paradise for 10th Year

REV was proud to serve as a key sponsor for Shakespeare in Paradise, a non-profit theatre festival conceived by Ringplay Productions, for its 10th consecutive year. Ever since the festival’s inception in 2008, the communications company has made it a priority to offer its full support. David Burrows, REV VP of Marketing shared, “We not only provide funding to support the event but we offer our production services to capture these events and ensure that they get to reach a larger audience by broadcasting them on our superior TV platform.”
Festival Director Nicolette Bethel says, “The event was designed to expose locals and visitors to the best in World, Caribbean, African, and African American theatre,” continuing, ”Shakespeare in Paradise celebrates theatre in all its forms, not just Shakespeare.”
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REV Announced as Event Title Sponsor for the 2018 Bahamas National Swimming Championships

REV is pleased to once again be a part of the Bahamas National Swimming Championships; an institution that has helped to develop and mould many Bahamian swimmers over the years. The fifteen year,  live-broadcast sponsorship has connected athletes with family, friends and spectators across many islands; allowing them to share in key, life-changing moments. This year, REV is proud to deepen that relationship with the Swimming Nationals by becoming the 2018 event title sponsor.  The event is set for June 16-19th at the Betty Kelly-Kenning Aquatic Center. “This year’s sponsorship goes beyond our historic relationship with the Federation, touching instead on a central, resounding core REV belief. We believe that as a community, we have much to learn from these athletes and that many of the attributes demonstrated are those that we strive to achieve as a company” shared Chief Operations Officer, John Gomez. According to Algernon Cargill, President of the Bahamas Aquatics Federation, “Bahamas Aquatics is excited about the extension of our relationship with REV as the Title Sponsor for the 47th National Swimming Championships. We will benefit not only from REV's financial contribution to our Federation, but also from its brand strength and linkages with its extensive media coverage to promote our Federation throughout its network.  It's a win/win partnership for REV and Bahamas Aquatics and we are delighted that our Championships will continue to be broadcast live on OURTV so that  thousands of Bahamians can now see the hard work of our athletes as they compete for National Swimming Titles.” According to VP Marketing, David Burrows “this marks the sixteenth year that REV has sponsored this major sporting event and the first time that it will be available on our new app, REVGO Play. We know the complex will be electric with all the athletes and families but we also welcome the opportunity to share this energy with The Bahamas through our live coverage on OURTV channel 212.” Continuing, Burrows shared, “Not only will  spectators have the opportunity to watch the event  live but with REVGO Play they can record the event and watch or rewatch at their leisure, all courtesy of the REV connectivity. Offered at no extra cost to REV customers, REVGO Play delivers up to 50 live TV channels, and 12 local radio stations. The app also gives customers the option to record a total of twenty hours of programming from up to 31 available network digital video recorder (nDVR). Customers can simply download the REVGO Play app from the Google Play Store or The Apple App Store and log in with your MyREV account email and password. For those customers that do not have “MyREV”, visit https://my.rev.bs and follow the prompts to sign up quickly and begin using REVGO Play. Customers can simply download the REVGO Play app from the Google Play Store or The Apple App Store and log in with your MyREV account email and password. For those customers that do not have “MyREV”, visit https://my.rev.bs and follow the prompts to sign up quickly and begin using REVGO Play. Find out more information about REVGO Play.
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HBO Films’ “FAHRENHEIT 451”, Starring Michael B. Jordan, Premieres May 19th

Michael B. Jordan (Black Panther) and Michael Shannon (The Shape of Water) star in FAHRENHEIT 451, the new HBO film based on Ray Bradbury's classic novel of the same name, depicting a future where the media is seen as a drug, history is rewritten and "firemen" burn books. The HBO Films’ original production premieres on Saturday, May 19th at 9PM, simultaneously with the United States, only on HBO and HBO GO.
Jordan portrays Montag, a young fireman who forsakes his world and struggles to regain his humanity as he battles his mentor, fire captain Beatty, played by Shannon. Sofia Boutella (The Mummy) stars as Clarisse, an informant caught between the competing interests of Montag and Beatty.
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