Cable & Wireless Communications (CWC)’s unit, CWC Bahamas Holdings, will purchase a 51% stake in Bahamas Telecommunications Company (BTC). The company will pay $210 million for the stake. The deal, which is subject to a number of conditions, including parliamentary and regulatory approvals, is expected to be completed by April 2011. CWC will fund the acquisition with its existing cash balances and debt facilities.

Click here for the release from Cable & Wireless Communications.