Fri | Sep 22, 2017

Digicel acquires another telecoms

Published:Friday | May 5, 2017 | 5:00 AM
A section of the Dgicel Building on the Kingston waterfront, headquarters of the telecoms group.

Digicel Group has bought another telecoms firm, giving it a presence in at least four French-owned territories.

The full acquisition of IDOM Technologies, announced this week, gives Digicel ownership of another 265 kilometres of fibre-optic cable assets. Its fibre optic networks across 30-plus markets now span just over 6,000 km of cable.

Founded in July 2002, IDOM Technologies says it serves "over 800 corporate clients in all sectors", including banking, insurance, government and industry, health care, services, retail and automotive, according to a translation of information on its website. The company says it offers telecommunications, Internet and fixed telephony in French Overseas Departments, namely La Reunion, Mayotte, Guadeloupe, Martinique and French Guiana.

The cost of the acquisition was not disclosed and Antonia Graham, head of Digicel group public relations, also declined to speak to the size of the new operation, citing sensitive commercial constraints.

"In terms of post-acquisition - with business solutions one of the fastest growth area in our markers - this acquisition enhances our reach and ability to offer transformative next - generation ICT services to customers across Martinique, Guadeloupe, French Guiana and La Reunion," Graham said in a short response to queries. The comment mimicked the quote from Digicel Group CEO Colm Delves in the company's prepared release on the IDOM deal.

IDOM Technologies, headed by President David Bruyer, says on its website that it has "a workforce of 50 people, including 29 skilled and experienced engineers and technicians". The best available valuation, dated 2012, puts its equity at over €1 million.

Digicel says the acquisition is subject to regulatory approval.

neville.graham@gleanerjm.com