Digicel Buys Pan-Caribbean Submarine Cable Network
Published on: 23rd Dec 2013
By: Ian Mansfield
Digicel has reached an agreement with the Guadeloupe based Loret Group and with Caribbean Fibre Holdings to acquire a submarine fibre network across the Caribbean region.
Digicel said that it will acquire Middle Caribbean Network, Southern Caribbean Fibre, Antilles Crossings and a number of related assets from Global Caribbean Fibre.
This deal will provide Digicel with a wholly owned submarine fibre optic cable network of approximately 2,100km providing capacity from Trinidad to Guadeloupe.
Digicel has also entered into a transaction with Global Caribbean Fibre and Global Caribbean Network to provide submarine fibre capacity from Guadeloupe to Puerto Rico with onwards connectivity to the mainland United States.
In total, Digicel has secured access to a robust network comprised of 15 submarine segments with a reach of some 3,100km across the Caribbean region. Digicel will also have extensive onwards capacity on other submarine networks connecting locations such as Miami, Paris and New York.
The financial terms of the contract are not being disclosed and the transaction is subject to regulatory approval.
Digicel Group CEO, Colm Delves, said; "The acquisition of this submarine network secures significant additional broadband capacity for Digicel. This additional capacity is central to our continued drive to offer innovative services and products to our customers in a data hungry world."