Cable and Wireless Jamaica has requested the suspension of trading in its shares on the Jamaica Stock Exchange.
The suspension will commence at the opening of trading on Monday and end at the close of trading on March 22.
Trading in Cable and Wireless shares is scheduled to resume on March 23.
The request for suspension follows the offer made by CWC CALA Holdings Limited to shareholders of Cable and Wireless Jamaica for the purchase of all the shares in the company not currently held by CWC CALA or its affiliated companies.
The offer closed on February 28.
The Board of Directors decided to make an application to the Stock Exchange for the suspension of trading in the company's shares to facilitate the uninterrupted block transfer of shares which accepting Cable and Wireless Jamaica shareholders have agreed to sell to CWC CALA.
Meanwhile, Cable and Wireless Jamaica has released financial results which show it suffered a $381 million loss in 2017.
It made a $261 million profit in the previous year.
Revenues rose by 2-point-1 billion dollars to 27-point-1 billion dollars.
This was driven by an 18 percent growth in mobile revenue largely due to a one percent increase in customers.
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