All American Cables and Radio Inc., which has a public telephone operation concession, is in the process of being sold to WorldPort Communications Inc. for a combination of cash and stock. WorldPort Chief Financial Officer Phillip Magiera said the company is also clearing the acquisition of EnerTel NV of the Netherlands, in a filing with the U.S. Securities and Exchange Commission. American Cables owns part of a network of undersea fiber optic cables that connect the Dominican Republic to the U.S., Spain, Italy, Colombia, Venezuela and various Caribbean islands. The company maintains an interconnection agreement with Codetel, the largest Dominican telephone company, which provides for the origination and termination of traffic throughout the country. The Dominican Republic is one of the highest-volume international long distance routes for the U.S., accounting for over 550 million minutes per year, WorldPort said. <\/p>\n","protected":false},"excerpt":{"rendered":"
All American Cables and Radio Inc., which has a public telephone operation concession, is in the process of being sold to WorldPort Communications Inc. for a combination of cash and stock. WorldPort Chief Financial Officer Phillip Magiera said the company is also clearing the acquisition of EnerTel NV of the Netherlands, in a filing with … <\/p>\n