The Turks and Caicos Telecommunications Commission (“Commission”) is pleased to inform you that Islandcom’s application for the transfer of its spectrum licence, number ranges under its network licence together with certain other business assets to Cable and Wireless Turks and Caicos Islands Limited (“LIME”) has been approved, subject to compliance with all applicable requirements under the laws of the Turks and Caicos Islands including without prejudice to the generality of the foregoing, section 3(c) of the Frequency Management Regulation 2005 which mandates the efficient use of spectrum.