Lime fights Digicel-Claro deal in court

News Wireless Jamaica 27 SEP 2011
Lime fights Digicel-Claro deal in court
Cable & Wireless' Jamaican unit Lime has filed a lawsuit before the Supreme Court against the Digicel-Claro merger. Lime seeks to overturn Prime Minister Golding's August approval of the Digicel-Claro deal. Lime claims that the approval is unlawful and was affected by an improper exercise of the Prime Minister's power. 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. High Court Judge Bryan Sykes was expected to release the ruling on 26 September, but the decision was postponed following additional documents submitted by the parties involved.

Categories:

Mobile

Companies:

America Movil,  Cable & Wireless,  Claro,  Digicel,  Lime

Countries:

Jamaica

Tags:

Wholesale, Legislation - Lawsuits, M&A buyouts & divestments

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