Communications Ltd. has signed a Share Purchase Agreement (SPA) with TSTT for
the sale of 100% of its shares to the local telecommunications entity, subject to the approval by the
Telecommunications Authority of Trinidad & Tobago (TATT). The signing of the SPA was announced at a
jointly-held press conference on Tuesday, May 2, 2017.
Since 2006 Massy Communications, formally Three Sixty Communications, has been
quietly building out its telecommunications network and expanding its services,
to currently offer a range of services which include:
In 2015, the Massy Group made the bold
decision to significantly invest in the expansion of the fibre network. Since
then, Massy Communications has aggressively deployed next generation FTTH
(Fibre To The Home) infrastructure which now covers approximately 34,000 homes
passed throughout Trinidad and spans over 900 fibre route kilometers. In 2016, utilising this FTTH network, Massy Communications launched its
High Speed Internet and HD IPTV service to residential and SME customers in
various parts of Trinidad. By delivering the most technologically advanced
broadband and HD TV solution to customers, citizens of Trinidad have access to
fast, consistent and reliable internet speeds with the ability to video stream
with a stable uncongested network as well as market leading upload speeds.
competitive landscape for high speed broadband and TV services in Trinidad and
the intense capital costs of deploying fibre optic networks, some industry
participants have been seeking collaborative ways to avoid duplicative capital
expenditure. Massy Communications and TSTT initiated collaboration with a
network sharing agreement which has quickly advanced to a business combination.
Massy Communications and TSTT are both successful locally owned companies with
a commitment to the advancement of telecommunications industry in Trinidad and
Tobago. We both recognize the importance of deploying high speed telecoms
services to the economic growth and entrepreneurial development of the nation.
We are both similarly focused on the development of local content and local
combination will enable further growth and expansion for the company to better
meet our customers’ needs now and in the future. The business combination will
also accelerate TSTT’s deployment of its next generation network. The company
brings to TSTT a state-of-the-art, all fibre optic network and reputation for
reliability and high quality customer service. This transaction is a win for
Massy Communications, its employees and its customers as much as it is a win
for TSTT, its employees and its customers. Together, the two organizations will
be a much stronger and more effective competitor in the high speed broadband
and HD TV segment of the sector.
“Massy is proud of what our local employees
have achieved in building the company to this point. Moving into the residential market, into a
relatively new, highly competitive telecommunications space was a big leap for
us and we’re extremely proud of what we achieved in a short space of time. We reached a point where it was important to
grow this business and we believed that the best path for success was through a
partnership with another telecommunications provider who could help realize the
potential of what we created.” commented Gervase Warner, President & Group
CEO, Massy Group.
All Massy Communications subscribers will
continue to access the high-quality products and services and the exceptional
customer service support to which they have grown accustomed. All existing and
new subscribers will also enjoy the benefit of using their Massy Cards to earn
Massy points when they pay their bills or to redeem Massy points to pay their