| French Guiana: Digicel Completes Fourth Acquisition in Fourteen Months |
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| Wednesday, 03 May 2006 | |
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Digicel Group has completed the acquisition of Bouygues Telecom Caraibe (BTC), a wholly owned subsidiary of Bouygues Telecom with assets in Martinique, Guadeloupe and French Guiana.
Digicel Group purchased BTC for US$ 196 million after receiving approval from regulatory authorities. BTC has over 160,000 subscribers and 2005 revenues of US$ 148 million. BTC’s network brings Digicel’s total number of operations to 20 markets since its inception five years ago. Digicel continues to maintain its position as the fastest growing telecommunications company in the Caribbean with a compound annualized growth rate of 69%. The company anticipates further expanding its existing operations in the French West Indies and throughout the Eastern Caribbean. Digicel has completed four acquisitions in the past fourteen months, including Cingular Wireless’ Caribbean and Bermuda operations. This latest acquisition provides Digicel with an established customer base and GSM networks in markets with populations over one million. Digicel will also officially launch services in Haiti tomorrow. As an incentive for new customers, the company will be giving away free phones for those willing to terminate service with existing providers. Source: TMCnet’s, Susan Campbell - WDR/Intelecon Regulatory News |