Res Communis

Jamaica: PM Statement to Parliament on Digicel’s Acquisition of Claro

by Sara M. Langston with the blog faculty

Source: Jamaica Information Service

TUESDAY, 30 AUGUST 2011

Members of this Honourable House would be aware that telecommunications providers, Digicel and Claro, have entered into an agreement under which Digicel would acquire 100% of Claro’s shares and, hence, assignment of Claro’s licences.

This agreement, as required by section 17(3) of the Telecommunications Act, is subject to ministerial approval and a joint application to this end dated March 17^th 2011 was submitted to me. The proposed acquisition is part of a tri-country deal with reciprocal arrangements for a similar transfer of ownership from Digicel to Claro of Digicel’s assets in Honduras and El Salvador… [Full statement]