Published: Wednesday | March 24, 2010 0 Comments and 0 Reactions
LIME has confirmed that it struck a deal with Telecomunicaciones Gran
Caribe (TGC), the Venezuelan/Cuban conglomerate granted a licence last
year to build a fibre-optic link from Jamaica to Cuba.
Three telecoms, LIME Jamaica, its arch-rival Digicel Group, and
operators of the Flow network Columbus Communications, said then they
were negotiating a partnership with TGC on its US$70 million project.
"There's been speculation about a Cuban deal for months but nothing had
been agreed. Well now, it's a done deal ...," said LIME in a teaser for
an announcement to be made Thursday.
Reports that the Latin American operation had settled on LIME Jamaica
began to surface after press reports out of London said its ultimate
parent Cable and Wireless Plc had secured a contract to build out a
fibre link between Jamaica and Cuba.
LIME kept denying that it had struck a deal with TGC, but insiders now
say the company did so because it was wary of upsetting the Cubans, were
the details to leak out prematurely.
LIME executives, Geoff Houston, country manager for Jamaica and Cayman
Islands, and Caribbean head David Shaw will join TGC executives -
president Wilfredo Morales, and vice president Waldo Reboredo Arroyo -
to announce their partnership over lunch in Kingston.
The licence granted to TGC in December allows the company to complete a
submarine fibre optic cable link for telecommunications traffic between
Caracas, Havana, and Kingston.
TGC was the sole bidder for the Jamaica-Cuba submarine cable, which
includes a spur to Haiti, which lies just west of the two countries.
Gran Caribe, which is owned 60 per cent by the state-owned Telecom
Venezuela and 40 per cent by Cuba's Telco Transbit, also plans to run
nearly 1,000 miles of cable from Maiquetia, in northern Venezuela, to
Siboney, in Cuba's eastern province of Santiago de Cuba.
The Cuba/Venezuela leg is expected to link to Trinidad and Tobago and
the Dutch territory of Curaçao.
http://www.jamaica-gleaner.com/gleaner/20100324/business/business5.html
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