DIGICEL COMPLETES ACQUISITION OF SUBMARINE FIBRE ASSETS ACROSS CARIBBEANFriday 12th September 2014
Government and regulatory approvals in place
Digicel has received the required approvals from government and regulatory authorities for its purchase of a submarine fibre network across the Caribbean region from the Guadeloupe-based Loret Group and Caribbean Fibre Holdings and the transaction is now complete, it was announced today.
The completion of the deal marks another major step in Digicel’s ongoing evolution from a pure mobile provider to a global complete communications provider and follows the recent announcements of several cable TV and broadband acquisitions in the region.
This deal will provide Digicel with a wholly owned submarine fibre optic cable network providing capacity from Trinidad connecting 12 countries to Puerto Rico with onwards connectivity to the United States. In total, Digicel has secured access to a robust network comprising 15 submarine segments with a reach of some 3,100km across the Caribbean region. Digicel will also have extensive onwards capacity connecting to the United States, Europe and Asia.
“In our data hungry world, we are committed to ensuring we deliver innovative products and services to our valued customers. This latest acquisition grants us significant additional submarine fibre capacity which in turn means we can help our customers achieve their personal and business goals through advanced solutions and multimedia experiences on multiple devices,” said Digicel Group CEO Colm Delves.
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