Digicel Guyana to acquire Jamaica fibre optic cable for expansion

digicelGeorgetown: Digicel announced that it has reached an agreement with Telstar Cable Limited to acquire its cable and fibre network in Jamaica.

Telstar provides cable TV, broadband and telephony services.  On completion, which is subject to approval by the Broadcasting Commission, Digicel will invest significantly in the network to increase coverage and further expand the products, services and content available to cable customers in Jamaica.

The acquisition will be Digicel’s fourth Caribbean cable acquisition in the last number of months and will increase its cable footprint to six markets. These are the Turks and Caicos Islands, April 2014: Digicel acquired WIV Cable TV in the Turks and Caicos Islands and its sister company, TCT, which offers broadband services; Dominica, February 2014: SAT Telecommunications provides a range of TV, telephony and broadband Internet services to residential and business customers in Dominica;  Anguilla, Nevis and Montserrat, November 2013: Digicel acquired Caribbean Cable Communications Holding Limited, a cable TV and Internet service provider in Anguilla, Nevis and Montserrat.

Digicel has also been investing heavily in Greenfield fibre build-outs, having broken ground on next-generation fibre networks in Barbados, Haiti, Jamaica and Trinidad.  This investment in fibre reflects the company’s ongoing focus on business solutions which has shown almost 40 per cent year on year growth in revenues. These fibre builds are nearing completion and pre-selling of the services has already commenced.

In order to drive the delivery of multimedia content – as well as improve offerings for mobile data services and business solutions – Digicel has also secured significant off-island sub-sea fibre bandwidth.   In December 2013, Digicel entered into a share and asset purchase agreement with Global Caribbean Fibre to acquire certain submarine fibre assets in the Eastern Caribbean Region. This deal will provide Digicel with a wholly-owned submarine fibre-optic cable network of approximately 2100km providing capacity from Trinidad to Guadeloupe.  The proposed transaction is subject to regulatory approval and is expected to close in the coming weeks.

 Digicel Group Chief Executive Officer Colm Delves, comments: “We are investing heavily in cable TV, content and fibre across our markets to ensure that Digicel is positioned at the forefront of a data intensive world where our customers are able to enjoy multimedia experiences on multiple devices and avail of advanced solutions for their businesses.  We look forward to expanding our footprint further in this space in the coming year through a combination of acquisitions and greenfield builds.”