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The Caribbean Communications Network Ltd. (CCN) also known as the "CCN Group" Ltd., is a subsidiary of ONE Caribbean Media Limited. In December, 2005 both the Trinidad and Tobago–based Caribbean Communications Network (CCN) and the Barbados-based Nation Corporation entered into a merger agreement for formation of the new ONE Caribbean Media Limited company. Following the merger (officially on January 1, 2006), Caribbean Communications Network Ltd. as the larger of two companies continued to hold the aegis of the new dynamic media conglomerate based in Independence Square of Port of Spain, in Trinidad and Tobago. Prior to merger, CCN was ranked as one of the top 50 largest Caribbean companies.