Jamaican govt oks Digicel-Claro deal

News Wireless Jamaica 28 AUG 2011
Jamaican govt oks Digicel-Claro deal
The Jamaican government has approved the merger of telecoms operators Digicel and Claro, The Jamaica Gleaner reports, citing Daryl Vaz, minister of information and telecommunications. "The negotiations are far advanced. A decision has been made, but the decision has conditions that are still being discussed and negotiated", the minister said. According to Vaz, an official announcement is expected to be made on 30 August, at the next parliament meeting. On 11 March, Digicel agreed to acquire America Movil's Claro business in Jamaica. In turn, America Movil will acquire Digicel's businesses in El Salvador and Honduras.

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