Dig­i­cel Re­sponds to the Pro­posed Ac­qui­si­tion of Colum­bus In­ter­na­tional by Cable & Wire­less

The Star (St. Lucia) - - LOCAL -

Dig­i­cel notes Thurs­day’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 to make con­sid­ered sub­mis­sions to those bod­ies as is ap­pro­pri­ate and nec­es­sary.

Dig­i­cel says 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, stated; “We are nat­u­rally con­cerned to en­sure that this pro­posed trans­ac­tion will not re­sult in an un-level play­ing field in the Caribbean. We look 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 all Caribbean con­sumers are fully pro­tected.”

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.