The East End Group Ltd and Omnuim Bermuda Limited are looking at buying internet service provider TeleBermuda International Ltd.

The Regulatory Authority of Bermuda has conducted an assessment of the proposed transaction and has said it is satisfied that subject to compliance with a set of conditions, the transaction would “not create an entity with a dominant position, nor substantially lessen competition in any relevant market, nor harm the public interest”.

According to a notice on the RAB website, East End Group and Omnuim Bermuda have said they do not intend to make any of TBI’s staff redundant.

TBI has offices on Victoria Street. It provides voice, internet and managed IT services. It is a wholly owned subsidiary of Javelin Connections group of companies. Javelin is an end-to-end solutions provider of managed IT and data services for establishing and managing offshore jurisdictions.

The proposed change of control would see all shares of TBI being purchased by East End Group and Omnium, from Javelin.

The East End Group provides consolidated group functions in the areas of accounting, finance, human resources and information technology services.

Walter Roban, Minister of Transport and Regulator Affairs, has given his consent to the proposed change of control of TBI.