Tag Archives: digicel

Digicel Sells Out Honduras Telecom

News on March 14, 2011 by Administrator| Comments Off

Denis O’Brien’s mobile phone company Digicel has sold its businesses in Honduras and El Salvador to the world’s richest man, Carlo Slim. Slim’s company America Movil is understood to have paid a “significant consideration” to the Irish telecom entrepreneur’s company.

The deal will also see Digicel take control the America Movil’s Jamaican mobile phone business, solidifying Digicel’s position there. The deal should be closed by the end of June, once it passes all regulatory hurdles.

America Movil’s company Claro, currently competes with Digicel in Honduras and El Salvador. Claro has a 33 per cent market share in Central America and a 43 per cent market share in the Caribbean. Digicel remained the biggest operator in Jamaica, despite attempts by America Movil to wrestle more market share from the dominant player.

Digicel Group Limited has 11.5 million customers across its 32 markets in the Caribbean, Central America and the Pacific…continue Digicel story here.

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Posted in Honduran Business - Economics

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Digicel Going Strong in Honduras

News on July 1, 2010 by Administrator| Comments Off

Company head Denis O’Brien has invested $450 million (€360 million) in Honduras since Digicel’s launch in late 2008, and is going head-to-head with Mexican billionaire Carlos Slim’s mobile operation for market share.

Digicel Honduras is open for business, according to its head office in Jamaica.

“To be clear, Digicel is not reducing its retail footprint in Honduras,” Digicel said in reply to a recent inquiry, “As a matter of fact, we are increasing it.”

“With Digicel now holding the number two position in the Honduran market, we have built up great relationships with the local banks, supermarkets and restaurants who are keen to partner with us and have a Digicel presence in their outlets. As such, while we are reducing the total number of exclusive stores – which is standard practice when our business matures in a market – we are in fact increasing our retail presence from 257 to 295 points of sale. In addition, we have 60,000 recharge locations nationwide.”

Digicel has 1.6 million subscribers between Honduras and Panama, increasing its customer base by 46 per cent last year. It states market share target is 30 per cent, which would bring it in to line with its Caribbean markets.

Digicel said the Honduran business continued to grow in spite of the political turmoil of the past year.

“We have made good progress in Honduras notwithstanding the challenging economic and political situation,” Digicel added.

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Posted in Honduran Business - Economics

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Digicel Sues Hondutel

News on January 7, 2010 by Administrator| Comments Off

Digicel’s Honduran unit plans to launch a legal bid to recover monies it claims it is owed by national PTO Hondutel concerning the latter’s failure to adhere to the terms of their Interconnection Agreement.

Digicel says it is looking to sue for HNL10 million (USD538,000) in payments covering the term from February 2009, unless the debt is honored.

Last month Digicel said that if it failed to get an agreement concerning payment of the debt, it would be forced to suspend incoming international calls. However, December 16th the National Telecommunications Commission (Conatel) ordered it to permit the entry of international calls from Hondutel, and instead take the matter to arbitration.

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