One Caribbean Media buys Green Dot controlling stake
On August 9, the story entitled "One Caribbean Media buys Green Dot controlling stake", attributed market dominance to Trinidad & Tobago operator TSTT without mentioning that there are other market players in the fixed line and mobile segments. Also the story appeared to suggest that Flow TV is a part of TSTT, which it is not. Flow TV is owned by Cable & Wireless, which is joint owner of TSTT. A modified version of the story follows:
One Caribbean Media (OCM) has agreed to buy a 51% stake in Trinidad & Tobago digital cable TV and broadband internet services provider Green Dot Limited, OCM said in a statement.
Green Dot has operated in Trinidad for over 10 years and recently expanded to Suriname and Grenada.
OCM emphasized that key management of Green Dot would be retained. The transaction is subject to regulatory approval.
OCM is publically traded on the stock exchanges of Trinidad & Tobago and Barbados.
According to telecoms regulator TATT's 2015 market report, as of December, 2015 Trinidad & Tobago had eight cable operators, which also provide fixed internet services, of which almost 100% are broadband subscriptions.
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