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

September 6, 2011 at 7:52 am | Posted in Telecommunications | Leave a comment

by Sara M. Langston with the blog faculty

Source: Jamaica Information Service


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 17th 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]

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