Jul 2012 Financial News

OCM - TATT Approval

Jul 30, 2012

We are pleased to announce that the Telecommunications Authority of Trinidad and Tobago (TATT) has advised One Caribbean Media Limited (OCM) that the Board of Directors of the Authority, approved the transfer to an OCM subsidiary those concessions and associated licences with the following four radio stations.

I95.5 FM
Red 96.7FM
Hitz 107.1FM
Sidewalk Radio 92.3FM

OCM’s Management will be working with TATT and vendors to ensure the smooth and successful completion of transactions by September 1, 2012

OCM is a publicly owned and regionally focused media company quoted on the stock exchange of Trinidad & Tobago and Barbados.

Dawn Thomas
Group Chief Executive Officer
One Caribbean Media Limited
July 26th 2012


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday July 30, 2012