Digicel revealed yesterday that it has acquired internet service provider Transact.

The deal will allow Digicel to expand the range of services it offers in Bermuda, a point emphasised by the company’s chief executive officer Wayne Caines, who said yesterday that the company was evolving from being a wirless services provider toward becoming a full-service telecommunications provider.

In the short term, Transact will continue to operate under its current name and Digicel intends to absorb “as many of the Transact staff as possible”. Transact has a handful of staff in Bermuda and several others working from overseas.

The terms of the deal were not disclosed. Digicel said it had received all necessary Government approvals.

Transact was one of the Bermuda-based Igility Group of Companies, while Digicel is a privately held company with 11 million customers in 32 markets and a large presence in the Caribbean market.

Read full article on The Royal Gazette.

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Aaron Smith
President & CEO
Email: asmith@igility.bm
Dinesh Senanayake
Email: dsenanayake@igility.bm