CUC Subsidiary DataLink, Ltd. Receives Licence

    




 CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR  TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE . 

 GRAND CAYMAN, Cayman Islands, March 30, 2012 /CNW/ - Caribbean Utilities  Company, Ltd. ("CUC") announced today that the Cayman Islands  Information and Communication Technology Authority ("ICTA") has granted  its wholly owned subsidiary, DataLink, Ltd ("DataLink"), a licence to  provide fibre optic infrastructure in Grand Cayman. 

 CUC and DataLink have entered into management and maintenance, pole  attachment and fibre optic agreements as approved by the Cayman Islands  Electricity Regulatory Authority. The ICTA licence will now allow  DataLink to assume full responsibility for the existing Pole Attachment  Agreements and Optical Fiber Lease Agreement currently held by CUC with  third party information and communications technology (ICT) service  providers. 

 President and CEO of CUC Mr. Richard Hew said, "I am pleased that the  licence has been granted as it will allow DataLink to provide access to  fibre optic and other facilities on commercial terms to companies on  the island, particularly those in the ICT sector. CUC has owned a fibre  optic network since 2000 and, through DataLink, can now provide an  additional service which will benefit both electricity and ICT  consumers in Grand Cayman." 

 President and CEO of DataLink, Andrew Small, anticipates that the  existing Pole Attachment Agreements and an Optical Fiber Lease  Agreement will be assigned to DataLink in the near future. DataLink  presently has a Pole Attachment and Optical Fiber arrangement with the  Cayman Islands Government for their CCTV project and the recent grant  of this Licence will benefit all stakeholders. 

 "There is tremendous potential for DataLink. Over the years, we have had  a number of requests for access to this fibre optic network and I am  very pleased that we are now in a position to make it available," Mr.  Small said. 

 Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion,  includes forward-looking statements in its media releases, Canadian  securities regulatory authorities filings, shareholder reports and  other communications. Forward-looking statements include statements  that are predictive in nature, depend upon future events or conditions,  or include words such as "expects", "anticipates", "plan", "believes",  "estimates", "intends", "targets", "projects", "forecasts", "schedule",  or negative versions thereof and other similar expressions, or future  or conditional verbs such as "may", "will", "should", "would" and  "could". Forwardlooking statements are based on underlying assumptions  and management's beliefs, estimates and opinions, and are subject to  certain risks and uncertainties surrounding future expectations  generally that may cause actual results to vary from plans, targets and  estimates. Such risks and uncertainties include but are not limited to  operational, general economic, market and business conditions,  regulatory developments and weather conditions. CUC cautions readers  that actual results may vary significantly from those expected should  certain risks or uncertainties materialize or should underlying  assumptions prove incorrect. Forward-looking statements are provided  for the purpose of providing information about management's current  expectations and plans relating to the future. Readers are cautioned  that such information may not be appropriate for other purposes. The  Company disclaims any intention or obligation to update or revise any  forward-looking statements, whether as a result of new information,  future events or otherwise except as required by law. 

Caribbean Utilities Company, Ltd.


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