Jamaica based mobile network provider Digicel announced that it has signed an agreement to acquire TRES Networks in Curacao. The deal is forwarded to to the Government authorities for approval. Acquisition will be subjected to the approval, the sources close to the matter said.
TRES Networks is a fixed and international long distance telecommunications operator and distributor of digital television and entertainment services.
Digicel is a mobile phone network provider operating in 33 markets across the Caribbean, Central America and Oceania regions. Digicel is owned by the Irish billionaire Denis O’Brien and is incorporated in Bermuda and based in Jamaica. It has about 13 million wireless users.
Digicel’s markets comprise: Anguilla, Antigua and Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Montserrat, Guyana, Haiti, Jamaica, Martinique, Myanmar, Nauru, Panama, Papua New Guinea, Samoa, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Tonga, Trinidad and Tobago, Turks and Caicos, and Vanuatu
TRES Networks provides residential and business customers with high-speed Internet, voice and digital services over the island’s first and only 100 per cent fibre-optic network.
Digicel said it will work with the existing management team to bring enhanced services to customers in Curacao.
With its all-fibre optic network, Digicel said TRES Networks supports Digicel’s “ongoing focus on helping customers compete by delivering them the most advanced business solutions, in the release announcing the deal.
“TRES is pleased to have come to an agreement with Digicel Curacao – a company with a strong brand – that will not only bring a high level of expertise to the operations of TRES, but will also bring considerable market power that will enable TRES to quickly expand its network reach on the island, enhance its services and above all, reach its considerable potential,” Frank de Frémery, CEO of TRES Networks was quoted as saying.