JAMAICAN BUSINESS IS DIGICEL'S FOURTH CARIBBEAN CABLE ACQUISITION IN THE LAST NUMBER OF MONTHS AND WILL INCREASE ITS CABLE FOOTPRINT TO SIX MARKETS
Thursday 11th September 2014 – Kingston, Jamaica: Digicel today announced that it has completed the purchase of Telstar Cable Limited having received the required approvals from the Broadcasting Commission. Telstar Cable Limited is a leading provider of cable TV, broadband and fixed telephony services in Jamaica.
With the deal completed, Digicel will progress its plans to invest significantly in the network to increase coverage and further expand the products, services and content available to cable customers in Jamaica.
Digicel Jamaica CEO, Barry O’Brien, said; “We are thrilled to have completed the acquisition of Telstar today. Throughout this process, we have built a fantastic relationship with Flo and the entire Darby family and we are both very happy to be at this juncture today. This acquisition further cements Digicel’s ongoing commitment to investing in Jamaica – and with it, customers across the country can expect bigger, better subscriber TV services in the near future.”
Telstar Managing Director, Flo Darby, said; “This is a momentous occasion indeed. After many years of hard work, I am proud to be handing over this business to one of Jamaica’s great companies. Digicel has proven itself time and time again to deliver innovative products and services to its customers and I have no doubt that Telstar will be the platform to provide bigger and better TV and broadband services in Jamaica.”
The acquisition is Digicel’s fourth Caribbean cable acquisition in the last number of months and forms part of Digicel’s diversification strategy to continue to grow the business in Jamaica which includes ongoing significant investment in its 4G network and in fibre infrastructure throughout Jamaica.
Digicel Group is a leading global communications provider with operations in 32 markets in the Caribbean, Central America and Asia Pacific. After 13 years of operation, total investment to date stands at over US$5 billion worldwide. The company is renowned for delivering best value, best service and best network.
Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Caribbean Premier League. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.
Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes.