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St. Maarten Cable TV and BVI Cable TV Ltd. Join USVI Innovative Companies As Part Of Caribbean Asset Holdings.

St. Thomas, U.S. Virgin Islands:--- Caribbean Asset Holdings (CAH), a subsidiary of National Rural Utilities Cooperative Finance Corporation (CFC) announced the transfer of control of St. Maarten-based cable TV operator St. Maarten Cable TV and British Virgin Islands based cable TV operator BVI Cable TV, Ltd. was completed yesterday.
The official transfer follows completion of required regulatory approvals and final
U.S. federal bankruptcy court approval granted in an opinion and order issued by Judge Judith K. Fitzgerald on August 17, 2010. On October 6, 2010, CAH assumed control of the telecommunications operating divisions and subsidiaries in the U.S. Virgin Islands that include the local telephone company, Virgin Islands Telephone Corporation (Vitelco), St. Thomas Cable, St. Croix Cable and Vitelcom Cellular. Although regulatory and court approvals had been received, the transfer of control of the Innovative companies located in the British Virgin Islands and St. Maarten were delayed to ensure an orderly transition of these entities.

Seth Davis, CEO of the Innovative Companies stated, "We are looking forward to expanding the services offered to citizens of the St. Maarten and the British Virgin Islands and improving the quality of their delivery as well. Customers have been requesting upgrades for years, and we are excited to begin rolling them out."
Major initiatives planned after the transfer of control include providing digital cable service and revamping the existing programming line-up for both cable operators. Digital service will provide improved picture quality, a digital interactive guide, better sound and an overall enhanced viewing experience.
Changes to the channel lineup are essential in order for both systems to be in compliance with regional programming requirements. As a result, new channels will be introduced to St. Maarten Cable TV and BVI Cable TV's audience including MSNBC, The History Channel, BBC America and Azteca International. These popular channels have been requested by subscribers and will further diversify the dynamic lineup. Customers of a la carte premium services will be able to enjoy an expanded HBO/ Max Pak featuring HBO Caribbean, HBO Family, HBO Plus, Max and Max Prime.
"Customers are encouraged to stay tuned for notices to the public about upcoming changes for both cable TV operators," concluded Davis.

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