Communications company Columbus International Inc, which operates under the cable TV and broadband network Flow in Trinidad and Tobago, will spend $250 million to expand operations in the country this year.

Columbus will continue with the 'aggressive rebuild and expansion of its service footprint across the country', the company said in a statement.

Columbus will invest TT$250 million in 2010, bringing the amount of invested capital to $1 billion since 2005.

John Reid, Flow's president said that the company was pleased with the result of the recent corporate financing activities.

'Our employees are very excited to continue with our investment in Trinidad, and customers will see this investment realised in the form of new products and services that we will introduce during 2010,' he said.

Reid added: 'Flow, having built a strong financial foundation over the first five years in Trinidad, will continue to solidify its position as the leading cable television and broadband company in this market.'

The announcement followed the closing in November 2009 of a US$450 million corporate bond offering of senior secured notes.

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