Govt halts Caricel case to hold talks

22 Feb 2019

The Jamaican government has sought and been granted an adjournment in legal proceedings over the revocation of Caricel’s licence, the Jamaica Observer reports. The hearing was due to resume next week but the state requested an adjournment of 30 days to allow for discussions between the parties involved. Describing the government’s actions as a ‘positive and welcome step,’ Caricel CEO Lowell Laurence was quoted as saying: ‘While I cannot yet comment on the nature of the discussions, the reopening of dialogue, at that level, is a move in the right direction.’

TeleGeography notes that Symbiote Investments, which trades as Caricel, agreed to sell its small-scale Jamaican 4G business to South Africa-based Involution for an undisclosed price in October 2017. The sale was made public in February 2018, only for the regulatory authorities to protest that Symbiote had not sought government approval for the transaction. The government initiated the process to revoke the licence altogether in March, with the Supreme Court approving the move in December that year. Later that month, however, the Court of Appeal cleared the way for Caricel to challenge the decision.

Jamaica, Ministry of Science, Energy & Technology (MSET), Symbiote Investments (Caricel)