Curacao ISP Scarlet is in the red

21 Aug 2017

Curacao-based ISP Scarlet is heading for bankruptcy, according to local press reports. Scarlet, which has offered 802.16e WiMAX connectivity since March 2009, is said to have filed for protection from creditors last month, and while company director Paul Gelderloos is said to be optimistic that he can turn the business around, the administrator remains unconvinced. It is unclear whether sister companies in Sint Maarten and Aruba are affected by the financial troubles. The ISP serves around 3,000 corporate clients.

Mr Gelderloos founded Scarlet in 1992, going on to sell its Belgian unit to Belgacom for EUR175 million (USD222.2 million) in late 2008. Belgacom sold the Dutch arm to the division’s local management in March 2014, which later sold it on to Stipte (now part of Fiber NL). According to the executive’s LinkedIn profile, the Dutch Caribbean Scarlet unit has also entered the Colombian market (where it seeks to launch an MVNO), and has plans to launch in Mexico and Costa Rica.

Curaçao, Coral Telecom (Sint Maarten), Scarlet (Aruba), Scarlet (Curacao)