Digicel, the fastest-growing wireless telecommunications operator in the Caribbean, has further expanded its cable and broadband footprint with the acquisition of a submarine fibre network that gives it a reach of some 3,100km across the region.
This week the company got required approvals to purchase submarine assets from Guadeloupe-based Loret Group and Caribbean Fibre Holdings, completing another major step in its evolution from a pure mobile provider to a complete communications provider. In recent months Digicel has also acquired several cable TV and broadband assets across the region.
A release from Digicel yesterday said the purchase provides the company 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.
Group CEO, Colm Delves, said: "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."
This latest deal comes just weeks after Digical reached agreement with Telstar Cable Limited in Jamaica to acquire its cable and fibre network. This facilitates the telecommunications giant's move into that island's subscriber TV market and expands its broadband Internet business with the objective of eventually offering fixed-line services.
Other acquisitions by Digicel in recent months include WIV Cable TV in the Turks and Caicos Islands in April along with its sister company, TCT, which offers broadband services; SAT Telecommunications in Dominica in February; and Caribbean Cable Communications Holding Limited last November. The latter company serves Anguilla, Nevis, and Montserrat.
Delves has indicated that more investments are pending. "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," he said in a company release."We look forward to expanding our footprint further in this space in the coming year through a combination of acquisitions and greenfield builds."Launched in 2001, Digicel has operations in 22 markets across the Caribbean.