Digicel thrown for a loop

Telecoms giant Digicel has responded to the proposed acquisition of Columbus International by its main competitor Cable & Wireless.

In a press release this afternoon,  the Irish-based company said “although the full details of the proposed merger have not yet been made public, Digicel is naturally concerned about the clear and obvious challenges and potential issues posed by such a proposed move from a regulatory and competition perspective”.

Following is the full text of the Digicel statement.

“Digicel notes today’s public announcement in relation to the proposed acquisition of Columbus International Inc. (“Columbus”) by Cable and Wireless Communications Plc (“CWC”).

Although the full details of the proposed merger have not yet been made public, Digicel is naturally concerned about the clear and obvious challenges and potential issues posed by such a proposed move from a Regulatory and Competition perspective.

Digicel understands that the proposed acquisition will require significant regulatory approvals from a number of bodies in the region; including ministerial approvals, approvals from regulatory bodies, as well as approvals from certain anti-trust agencies.

Digicel looks forward to being provided with further details of the proposed transaction so as to allow it make considered submissions to those bodies as is appropriate and necessary.

This proposed transaction raises a considerable number of issues for telecommunications regulation and competition generally in the region. The issues that will need to be addressed include such matters as fairness in spectrum allocations, local loop unbundling, price bundling generally as well as a myriad of other likely issues which will only become apparent once Digicel and other agencies and bodies have been fully appraised of the details of the proposed transaction and the likely resultant impact on the telecoms market in the region.

Digicel is confident that the proposed transaction will be considered in the context of a transparent and fair process sponsored by the relevant agencies with responsibility for these matters and that it will be afforded a full and fair opportunity to engage in the approvals process given its status as a major telecommunications provider in the Caribbean region.

Digicel Group CEO, Colm Delves.
Digicel Group CEO, Colm Delves.


Digicel Group CEO, Colm Delves, stated; “Digicel is naturally concerned to ensure that any proposed transaction will not result in an unlevel playing field being created in the Caribbean markets in favour of the proposed enlarged entity. Digicel looks forward to engaging constructively and responsibly with all relevant agencies and bodies to the fullest extent necessary to ensure that fair and vibrant competition is maintained in the Caribbean region and that the interests of Caribbean consumers are fully protected.”

11 Responses to Digicel thrown for a loop

  1. Sarah Amlot
    Sarah Amlot November 6, 2014 at 2:17 pm

    Flow merging with C&W – definitely NOT good!

  2. Terry Orlando Best
    Terry Orlando Best November 6, 2014 at 2:23 pm

    If you can not beat them join them or have them join you.

  3. Jason Cayenne
    Jason Cayenne November 6, 2014 at 2:51 pm

    My internet with lime has been bad in the past two weeks and just getting worse every day. No competition means poor service and high rates. It has begun once again.

  4. Margaret Lorde
    Margaret Lorde November 6, 2014 at 3:21 pm

    I am devastated I just got out of sLIME’s clutches…only to be ensnared again.

  5. Abeda Adam
    Abeda Adam November 6, 2014 at 4:09 pm

    Me 2 Margaret Lorde

  6. Addison Cortlandt
    Addison Cortlandt November 6, 2014 at 5:15 pm

    Lol they ‘claim’ they haven’t been making money, they have been sending people home (restructuring) because they have no money. BUT can buy Flow for 707.5 million. Only in Barbados.

    • George Hinkson
      George Hinkson November 6, 2014 at 6:00 pm

      Lime Barbados did not buy Flow Barbados. The parent company for LIME bought the parent company for Flow. So Lime Barbados saying that they where not making money , has little to no bearing on the deal, as Lime Barbados did not make the purchase.

  7. Kay Martin
    Kay Martin November 6, 2014 at 7:24 pm

    Noooooooooooooooøøøøøö. I am paying what I used to pay for a nefarious ‘up to 6mb’ package for FLOW’s 50mb and I don’t want to go back:(

  8. Patrick Blackman November 6, 2014 at 10:37 pm

    Where were these voices when CIBC & Barclays merged?

  9. jr smith November 7, 2014 at 6:33 am

    Bajans are just waking to realize, everything is corporate and they interest is making profits, tying the corporate with the other side and it shows it all, what happens is for the interest of some people and not in the interest of the people.
    We need more competition in the telecoms industry in Barbados.

  10. dude November 8, 2014 at 2:38 pm

    i hope this nightmare remains a nightmare


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