Digicel: Approval For Caribbean Fibre Network
Digicel has received the required approvals from Government and regulatory authorities with regard to 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 company said, “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.”
Digicel Group CEO, Colm Delves, comments; “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.”
Michael Branco, Director of Digicel Business Solutions comments “This latest investment allows Digicel Business in Bermuda to offer sophisticated MPLS and WAN solutions over our own regional fibre network.
“This is particularly useful for companies in Bermuda who have presence in the Cayman Islands and other offshore jurisdictions, allowing Digicel to provide a complete network for data, voice and cloud services.”
Read More About
Category: All, Business, technology
had my eye on these guys from the beginning….too bad no IPO or I wudda invested a long long time ago
It is great that young professionals like Mr. Branco are in leadership positions in companies owned by non-Bermudians. He is an asset to this country – nice job.