Denis O’Brien, Chairman of Digicel Group has announced the company may invest more than US$40 million in El Salvador over the next 18 months.
His comments come in the wake of the decision by the regulator in El Salvador to block Digicel’s plan to sell its business to a group owned by Mexican entrepreneur Carlos Slim.
Mr O’Brien said on Thursday that the expansion plans will focus on improving data and customer services
He also expressed an interest in moving into the country’s fixed-line business.
In rejecting Digicel’s planned sale to America Movil, the regulator said a technical, legal and economic analysis showed a merger would likely have an adverse effect on competition and the welfare of consumers in the fixed and mobile telephony markets.
The intended sale to America Movil was part of a three-legged arrangement whereby Digicel would also sell its business in Honduras to America Movil and America Movil would sell its business in Jamaica to Digicel.
The Honduran and Jamaican deals received regulatory approval and in Jamaica, the transfer of America Movil's Claro operations to Digicel was completed in 2012.
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