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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2020
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

Changes in Guyana Telecommunications Legislation

On October 5, 2020, the Prime Minister of Guyana formally implemented telecommunications legislation previously passed by the Guyana Parliament in 2016 that introduces material changes to many features of Guyana’s existing telecommunications regulatory regime with the intention of creating a more competitive market. See Note 13 for additional details.

Increase in the ownership of One Communications, Ltd.

In October 2020, the Company completed a transaction to increase its equity ownership in One Communications, its subsidiary based in Bermuda and the Cayman Islands. Subsequent to the private transaction, which involved the Company’s acquisition of equity from another shareholder for cash, the Company owns approximately 70% of One Communications.