Digicel to reconsider investment plans in Caribbean after Columbus-CWC deal
Caribbean mobile company Digicel will re-examine its investment plans in Jamaica and the rest of the Caribbean in light of the proposed Columbus International-Cable and Wireless Communicaitons (CWC) merger, the Jamaica Sunday Gleaner reported.
The Irish telco maintains that the acquisition could lead to a monopoly in the sector. "We are prepared to invest in the region but that has to be in the knowledge that there is going to be a level playing field," Digicel CEO Colm Delves said.
"We do not want to be in a position that the monopoly uses their dominant position to inhibit and restrict growth and competition," he added.
Digicel has opposed the US$1.85bn CWC-Columbus merger since it was announced in November.
The acquisition is pending review by regional regulators. Both Trinidad-based CTU and St Lucia-based Ectel have announced investigations into the operation.
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News in: ICT
Regulatory watch: 5G cybersecurity regulation, spectrum, number portability, and more
A roundup of the latest ICT regulatory news in Latin America and the Caribbean.
Trinidad & Tobago datacenter expected to add resiliency to Caribbean ecosystem
The project proposes a hybrid solution that will integrate a tier IV datacenter with cloud and other private infrastructure.
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Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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Empresa Argentina de Soluciones Satelitales (ArSat) is an Argentine state-run satellite firm which holds exclusive rights to operate and commercialize geostationary orbital posi...
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