DIGICEL RESPONDS TO STATEMENTS MADE BY CABLE & WIRELESS: Calls on regulators to see through Cable & Wireless/Columbus smokescreen and subject proposed transaction to fullest regulatory scrutiny
Digicel called on all regulatory bodies throughout the Caribbean to see through the smokescreen put up by Cable & Wireless/Columbus and subject the proposed transaction to the fullest regulatory scrutiny.
With the proposed combined entity having a near stranglehold on the fixed line, broadband and cable TV markets across the region, Digicel is cautioning that this monopolistic position will translate to higher prices for consumers, a slower pace of investment and innovation, job losses and ultimately reduced economic stimulation for the Caribbean – not least because consumers will be looked on to pay up for the massive premium that was paid for the business.
He continues; “It’s vital that the good of consumers is top of mind with regulators and Governments. Digicel has been at the forefront of competition in the communications industry and that competition is key to a vibrant market and to economic development – we cannot risk jeopardising all that has been achieved to date. The proposed transaction must be examined properly and in the fullness of time by all of the relevant agencies to ensure that consumers’ interests are protected and promoted.”