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DIGICEL ACQUIRES NETXAR TECHNOLOGIES

“The support and involvement of Digicel which, in ten short years, has had such a positive impact on the Caribbean communications space will see us delivering even better solutions to an even broader range of corporate customers.”

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Businesses across the Caribbean and Central America to benefit from the region’s newest ICT powerhouse

Digicel, the Bigger, Better Network has taken a controlling stake in Netxar Technologies, the leading systems integrator in the Caribbean region, it was announced today.

Effective immediately, the two companies will work together to achieve even greater business success and market share as the region’s newest Information and Communications Technology (ICT) powerhouse.

With corporate and public sector customers looking for the best and most advanced ICT systems and processes – whilst also keeping a keen eye on cost control – the Digicel Netxar combination will see customers optimising their ICT infrastructure <span>and</span> saving money.

Netxar has built a fantastic track record and, as well as winning numerous regional and global awards, is also the proud holder of the Gold Certification, Master Unified Communication and Master Managed Service Partner and is a member of Cisco’s elite 1% partners out of 64,000+ partners worldwide – vital in securing and serving top corporate and public sector customers. It is based in Puerto Rico and has operations in the Dominican Republic, Jamaica and Trinidad and Tobago.

Digicel meanwhile has been offering ICT solutions to businesses across the region since 2007. The company’s promise of best network, best value and best service has seen Caribbean  companies not only benefiting from greater efficiencies through more integrated communications, but also being able to reduce their ICT spend by between 30% and 40% on average.

President and CEO of Netxar, Frank Santiago, comments; “For years, corporate and public sector customers have been searching for a business partner who can deliver both world class telecommunication services and ICT solutions. Now, customers will benefit from technology solutions that leverage their IT framework as a competitive advantage while reducing operational costs and increasing productivity.

He continues; “The support and involvement of Digicel which, in ten short years, has had such a positive impact on the Caribbean communications space will see us delivering even better solutions to an even broader range of corporate customers.”

Kevin White, COO of Digicel Group

Kevin White, COO of Digicel Group, comments; “Since we started focusing on delivering ICT solutions to Caribbean corporate customers in 2007, we have made big inroads and are proud to serve the Caribbean’s biggest business names. In Jamaica for instance, Digicel serves over 70% of the corporate market.

He adds; “This will see us increasing our ICT presence across the Caribbean and Central America and offering customers a broader and deeper product portfolio backed by Digicel’s award-winning customer service. Our customers are set to benefit from being with the region’s newest ICT powerhouse.”

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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