The Digicel Group on Friday announced that it 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.
The completion of the deal marks another major step in Digicel’s ongoing evolution from a pure mobile provider to a complete global 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 3100 kilometres across the Caribbean Region. Digicel will also have extensive onwards capacity connecting to the United States, Europe, and Asia.
Digicel Group CEO Colm Delves declared: “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.”
Digicel Group prides itself on being 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.
The company is also intimately involved in the countries in which it operates. Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams. Digicel sponsors the West Indies cricket team and is also the presenting partner 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. The company 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.
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