Jamaica licenses its third mobile telecom provider

摘要

Jamaica's telecom sector has for many years been propped up by the mobile sector, which accounts for the vast majority of internet connections and voice lines. It also accounts for just over half of telecom sector revenue. The merger between Digicel and Claro's Jamaican business in 2012 strengthened Digicel's position in the market, but in recent quarters Digicel Group's financial difficulties have caused it considerable problems. The Group has considered selling off its units in the Pacific region, while it has renegotiated a number of bonds to reduce its debt to about $5.8 billion. Assets have been placed under the management of a newly created holding company.