PROVIDENCIALES, Turks and Caicos Islands -- Regional wireless telecoms provider Digicel, together with its local partner Telemedia, on Tuesday announced the acquisition of WIV Cable TV, which has been operating in the Turks and Caicos Islands for over 30 years, and its sister company TCT, which operates the TCExpress high speed cable internet service. The transaction closed on April 1, 2014, for an undisclosed sum.
With Digicel already having launched 4G services in the Turks and Caicos within the last 12 months, this move sees Digicel not only enhancing its ability to provide broadband internet services to consumers and business, but also moving into the cable television space for the first time in the Turks and Caicos.
Commenting on the acquisitions, E. Jay Saunders, general manager, Digicel Turks and Caicos, said; “We are very excited by this acquisition. At Digicel, we understand the vital role that a robust communications infrastructure plays in driving economic growth in a country and this acquisition shows our commitment to achieving that end.”
He continued; “Through this purchase, we now have the most extensive fiber optic network in the country, which we will utilize to ensure that our customers continue to benefit from our commitment to delivering best value, best service, and the best network. We would like to thank the management and staff of WIV and TCT for the tremendous job that they have done over the years and we would like to officially welcome them into the Digicel family.”
Meanwhile, a House of Assembly select committee on the 2014 Broadcast Bill began holding consultative meetings in Providenciales on Wednesday and Thursday of this week.
On Wednesday, the committee will met with the working group responsible for the drafting of the bill and will follow-up with a meeting with industry representatives and licensed operators on Thursday.
Among other things, the bill is intended to address the issue of foreign ownership of local broadcasters.