The country will know before the end of this month whether the government and independent regulators will approve the acquisition of Columbus International’s Jamaican business by Cable and Wireless Communications, CWC, operators of LIME Jamaica.
On November 6, news broke that CWC had bought Columbus in a deal worth 3-billion dollars.
As we hear in this report from Abka Fitz Henley, the Minister in charge of Telecommunications, Phillip Paulwell, is vowing to do all in his power to ensure competition is preserved in the local telecoms market.
CWC’s game changing move is dependent on the careful consideration of the Office of Utilities Regulation, OUR and Minister Paulwell.
Rivals LIME and Digicel are anxiously waiting to find out what the OUR and Paulwell will decide.
Speaking to our news center this week, Mr. Paulwell said the competitors will not have to wait too long.
Digicel has expressed strong concerns regarding the Columbus/CWC deal.
Nationwide News understands that Digicel boss, Dennis O’Brien flew to Jamaica on November 25 where he met Minister Paulwell.
Mr. Paulwell says he’s also had feedback from LIME.
The Telecoms Minister is vowing that he’ll do what’s necessary to preserve competition.
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