It emerged on Monday that Sunbeach, Barbados' largest ISP plans to list on the London Stock Exchange's junior market, AIM.
Speaking to the Independent this week, Managing Director of the internet service provider, Michael Wakley explained that as the monopoly on telecoms services on the Island currently enjoyed by Cable and Wireless is dismantled, Sunbeach hopes that a London listing will increase its chance of winning licences to offer other telecommunications services, such as mobile phones and international calls - a lucrative market given Barbados's thriving tourist industry.
'The deregulation of the [telecoms] industry has presented many opportunities for the company to expand,' Mr Wakley told the newspaper on Monday.
According to the Independent report, Sunbeach hopes to raise £1.4 million from the placing of new shares on the LSE's market for smaller, growing, and international companies. The new shares will also be traded on the Barbados Stock Exchange.
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