Digicel to enter fixed market with Telstar takeover

21 Jul 2014

Digicel, Jamaica’s largest cellco by subscribers, has signed an agreement to acquire Kingston-based cable TV, broadband and voice-over-internet protocol (VoIP) provider Telstar for an undisclosed sum, the Jamaica Observer reports. The deal is subject to approval from the Broadcasting Commission and is part of a wider strategy to expand Digicel’s presence in the broadband market in the region. Commenting on the planned takeover, and the company’s broader goals, Digicel Group CEO Colm Delves explained: ‘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. We look forward to expanding our footprint further in the space in the coming year through a combination of acquisitions and greenfield builds.’

To ensure that the cableco changes hands smoothly Telstar’s management team will work together with Digicel in the short term, Telstar’s managing director Flo Darby noted, adding that customers could expect a ‘wave of innovation’ in products after the takeover.

Jamaica, Digicel (Jamaica), Telstar Jamaica