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Digicel in major deal to acquire regional submarine fibre network
Digicel yesterday announced that it has reached an agreement with the Guadeloupe-based Loret Group and with Caribbean Fibre Holdings to acquire a submarine fibre network across the Caribbean region.
Digicel will acquire Middle Caribbean Network, Southern Caribbean Fibre, Antilles Crossings and a number of related assets from Global Caribbean Fibre. 
This deal will provide Digicel with a wholly-owned submarine fibre optic cable network of approximately 2,100km providing capacity from Trinidad to Guadeloupe.
Digicel, in a statement, has also entered into a transaction with Global Caribbean Fibre and Global Caribbean Network to provide submarine fibre capacity from Guadeloupe to Puerto Rico with onwards connectivity to the mainland United States.
“With these new capabilities, Digicel is underpinning its commitments to delivering best network, best service and best value and will once again be at the forefront of driving competition and consumer choice in the region.”
In total, Digicel has secured access to a robust network comprised of 15 submarine segments with a reach of some 3,100km across the Caribbean region. Digicel will also have extensive onwards capacity on other submarine networks connecting locations such as Miami, Paris and New York.
The financial terms of the contract are not being disclosed and the transaction is subject to regulatory approval.
Digicel Group CEO, Colm Delves, said; “We are always looking for new ways to ensure that we deliver choice and innovation to our valued customers. The acquisition of this submarine network secures significant additional broadband capacity for Digicel. This additional capacity is central to our continued drive to offer innovative services and products to our customers in a data hungry world.”
Guyana is currently experiencing an explosion in the demand for data services, especially with the growing popularity of smart phones and other devices.
Government is also building its own fibre network from Brazil. The Guyana Telephone and Telegraph Company, a few years ago, landed its own cable from Suriname to the tune of US$30M.
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