DIGICEL COMPLETES ACQUISITION OF SUBMARINE FIBRE ASSETS ACROSS THE CARIBBEAN
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 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.