Digicel to buy Telstar cable-TV company
KINGSTON, Jamaica—Telecommunications giant Digicel today announced that it has reached an agreement with Telstar Cable Limited to acquire its cable network in Jamaica.
Telstar provides cable TV, broadband and telephony services.
Digicel says that on completion of the deal it will invest significantly in the network to increase coverage and further expand the products, services and content available to cable customers in Jamaica, subject to approval by the Broadcasting Commission.
“We are investing heavily in cable TV, content and fibre across our markets to ensure that Digicel is positioned at the forefront of a data intensive world where our customers are able to enjoy multimedia experiences on multiple devices and avail of advanced solutions for their businesses. We look forward to expanding our footprint further in this space in the coming year through a combination of acquisitions and greenfield builds,” said Digicel Group CEO, Colm Delves.
The Telstar acquisition would be Digicel’s fourth such in the Caribbean in eight months and will increase the company’s cable footprint to six markets.
Turks and Caicos Islands, April 2014: Digicel acquired WIV Cable TV in the Turks and Caicos Islands and its sister company, TCT, which offers broadband services.
Dominica, February 2014: SAT Telecommunications provides a range of TV, telephony and broadband Internet services to residential and business customers in Dominica.
Anguilla, Nevis and Montserrat, November 2013: Digicel acquired Caribbean Cable Communications Holding Ltd, a cable TV and internet service provider in Anguilla, Nevis and Montserrat.
The telecoms company said that it has also been investing heavily in greenfield fibre build-outs having broken ground on next-generation fibre networks in Barbados, Haiti, Jamaica and Trinidad.
In order to drive the delivery of multimedia content — as well as improve offerings for mobile data services and business solutions — Digicel says it has also secured significant off-island sub-sea fibre bandwidth.
In December 2013, Digicel entered into a share and asset purchase agreement with Global Caribbean Fibre to acquire certain submarine fibre assets in the Eastern Caribbean region.