The Broadcasting Commission on Monday indicated that it was in the process of considering an application from Entertainment Systems Ltd (ESL) to sell its assets to telecommunications firm Flow.
According to the commission, ESL's application is in line with Regulation 28 of the Television and Sound Broadcasting Regulation, which states that a licensee is required to gain the approval of the commission before a transfer of ownership can occur.
Flow was further barred last Friday by the Supreme Court from acquiring the assets or ownership of any other cable television distributor without the approval of the commission.
Injunctions were brought against both Flow and ESL on February 20, after concerns had been raised that Flow had violated the terms of Regulation 28, as it had gone ahead with the purchase of the assets of some five cable companies without the commission's approval.
Justice Roy Anderson last Friday extended the injunction until March 28, when there will be a hearing into the matter. The hearing was set for Friday in chambers but was rescheduled.
Flow has also been barred from making any changes to the contractual arrangements previously made between ESL and its customers, including adjustments to fees and payment schedules.