Digicell Continues Caribbean Mobile Expansion
Since telecommunications operator Digicell agreed to acquire large parts of
the Caribbean and Bermudian operations of Cingular Wireless earlier this year,
it has completed the approval process in a number of markets, most recently
gaining approval just before Christmas for acquisition of Cingular's operation
in Barbados. Digicell, which launched commercial services in Barbados in February, 2004,
was given approval for the acquisition by the Fair Trading Commission (FTC).
The FTC announced that, after a full review of the formal merger application
filed by Digicel and Cingular Wireless on October 25, it "has satisfied
itself that the merger would not affect competition adversely or be detrimental
to consumers or the economy." Chief Executive Officer of Digicel Eastern Caribbean, Kevin White, said his
company is delighted with the acquisition approval, and described it as a positive
development for the Barbadian marketplace and community. The company says that the acquisition will bring with it licenses in Martinique,
Guadeloupe, St Martin and St Barths. In August, Digicel received approvals for its acquisition in Bermuda (where
it is based) and Dominica, and to launch a GSM network in Anguilla, where the
market was recently liberalized. Digicel’s network now includes Trinidad & Tobago, Anguilla, Bermuda, St. Kitts
& Nevis, Antigua & Barbuda, Dominica, the Cayman Islands, Grenada, St. Lucia,
Barbados and St. Vincent & the Grenadines. .
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