Jamaica sells part of spectrum to Digicel for US$25M

-questions remain about revenue flows here from E-Networks, Broadband Wireless

Digicel yesterday acquired a third of the bands on Jamaica’s 700 MHz spectrum for US$25 million whereas it is still unclear what benefits are flowing to Guyana from the granting of the 2.5 GHz band frequencies in 2010 to two companies close to the PPP/C government.

The deal, inked between the Government of Jamaica through its Ministry of Science, Technology, Energy and Mining and Digicel’s CEO Barry O’brien, was announced in yesterday’s edition of the Jamaica Gleaner.

According to the news report, Jamaica’s government was initially looking to sell one-third of the  …..To continue reading, login or subscribe now.

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