TSTT to purchase 100% shareholding of Massy Communications Ltd.

[Duane 3NE 2NR]

TSTT and Massy Communications Ltd., have entered into a Share Purchase Agreement (SPA), in which TSTT will purchase 100% shareholding of Massy Communications Ltd.

The signing of the SPA, which is subject to the receipt of all regulatory approvals, was announced at a jointly-held press conference on Tuesday, May 2, 2017.This agreement capitalizes on the synergies of both companies in a manner that is mutually beneficial, along with their stakeholders, the local telecommunications industry and the people of Trinidad & Tobago.
TSTT is the largest telecommunications provider in Trinidad and Tobago. A significant element of TSTT’s current strategic plan involves the deployment of both wired and wireless high-speed broadband internet capabilities, throughout the entire nation. This includes investment in fibre optic solutions together with the associated technological infrastructure and systems.

Read more at
http://bmobile.co.tt/tstt-share-purchas ... tions-ltd/

[Dizzy28]

Interesting to say the least

[originalbling]

Interesting to say the least

x2 wasn't expecting that

[snatman]

what a lucky escape for Massy!

Getting rid of that money pit is great for shareholders!

[Duane 3NE 2NR]

If you check the Annual Accounts for 2016 on their site, Massy wrote off over $40M in losses for the IPTV business.

I'm hearing this deal was for $255M.

[crazybalhead]

Look meh old boss there grinning man...

I would too if I just made a 200Mil deal.

[crazybalhead]

On top of that, I believe massy will have some fibre penetration in markets only flow and digicel were located. Good for TSTT.

[mazdatt]

Who will buy CWC 49% share in TSTT?

[Dizzy28]

Who will buy CWC 49% share in TSTT?

Is it up for sale?
CWC is owned by Liberty Global who owns Flow. So TSTT competes with themselves in some regards.

[Redman]

steups
I just signed up with Massy.
After blowing out flow.

I dont like the idea of dealing with Tstt

smh

[snatman]

Who will buy CWC 49% share in TSTT?

Probably Massy

[tr1ad]

Who will buy CWC 49% share in TSTT?

Probably Massy

ah boy some forward thinkers

[2ndchance]

http://www.trinidadexpress.com/20170502 ... -million/1

TSTT purchases Massy Communications for $255 million
...deal signed today

Published on May 2, 2017, 4:10 pm AST
By Carolyn Kissoon Multimedia Desk

The Telecommunications Services of Trinidad and Tobago (TSTT) announced on Tuesday its acquisition of Massy Communications.

TSTT, this country's largest telcommunications provider, signed a Share Purchase Agreement to acquire Massy Communications for $255 million.

This brings 34,000 homes and a Fibre to the Home system to TSTT.

The announcement was made by TSTT's chairman Emile Elias at a news conference.

TSTT issued a release stating that the company had entered into a Share Purchase Agreement (SPA) in which TSTT will purchase 100% shareholding of Massy Communications Ltd.

This agreement capitalizes on the synergies of both companies in a manner that is mutually beneficial, along with their stakeholders, the local telecommunications industry and the people of Trinidad & Tobago, the release stated.

It stated, “TSTT is the largest telecommunications provider in Trinidad and Tobago. A significant element of TSTT's current strategic plan involves the deployment of both wired and wireless high-speed broadband internet capabilities, throughout the entire nation. This includes investment in fibre optic solutions together with the associated technological infrastructure and systems.

Since 2006, Massy Communications, formerly Three Sixty Communications, has been building out its telecommunications network and expanding its services, to currently offer a range of services which include:

- Fibre Optic (FTTH) Infrastructure deployment which is utilised to deliver High Speed Internet and IPTV to residential and SME customers.

- Dedicated Internet/IP transit

- Clear Channel Domestic/ Metro Ethernet and International Private Lines

- International Wholesale Termination and Enterprise Voice Solutions

In 2016, TSTT secured $1.9B in financing to create a Fibre to the Home (FTTH) solution throughout all of Trinidad and Tobago, including areas where Massy had already built out a robust network. This purchase will allow TSTT to have immediate access to an additional 34,000 homes passed with fibre.

These homes are located in Diego Martin, Port of Spain, Trincity, Arima and San Fernando. This agreement therefore means that TSTT now has the benefit of incorporating these customers into its existing infrastructure.

The agreement includes all of Massy Communications infrastructure relating to both its Enterprise and Consumer networks, all existing Enterprise and Retail customers and the entire operational and business support systems.

TSTT stated that the purchase will result in the acceleration of TSTT's deployment of its next generation network. It will also facilitate the opportunity to immediately deliver a new suite of products and services to our existing customers in these areas. Furthermore, it will provide the Massy customers with the assurance that their future communications needs are well placed.

[lchan485]

Was looking forward to trying Massy. But would wait an see how this unfolds. Never liked the Tstt experience lol

[Duane 3NE 2NR]

To: Massy Communications Subscribers
From: Massy Communications
Date: 02/05/2017


Re: Massy Communications Ltd has a new Owner

Dear Valued Customer,

Massy Communications Ltd. (“Massy Communications”) is excited to announce that the company has signed a Share Purchase Agreement (SPA) with TSTT for the sale of 100% of its shares to the local telecommunications giant subject to 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.

In 2015, we began the build out of our initial Fibre To The Home (FTTH) network to select neighbourhoods throughout Trinidad and in February 2016, we launched Massy High Speed Internet and TV to residential consumers. Through local talent and expertise, we created a world class, state-of-the-art fibre optic network, as well as an advanced video offering to service you our valued customers.

Our venture has been a huge success. We are proud of what we have achieved in such a short time. We are constantly being asked “when are we coming to new neighbourhoods”. Expanding our network has been challenging as we have recognized other companies are also deploying fibre optic networks and duplicating the capital expenditure. To continue our growth and to meet the demands of our valued customers, we recognized that we would need to align ourselves with a larger industry player. As such, we entered into discussions to find the most suitable partnership which would enable further growth and expansion for Massy Communications to better meet our customers’ needs now and in the future.

In determining the partnership which would be in the best interest of our customers and the organization, Massy Communications chose to partner with TSTT. This decision was based on an alignment of the values of both companies, who are similarly focused on the development of local talent. There will be no changes to the service you currently receive.

We assure you that the high-quality products and services as well as the exceptional customer service support which we offer, will not be affected by this development. We believe that the combination with TSTT will bring future additional benefits and services and we assure you that you will also continue to enjoy the many value-added features of our service including:

·         Accruing Massy points when you pay your bills and redeeming Massy points to pay your bills
·         The ease and convenience of paying your bills online and/or at any SurePay locations (including those situated within select Massy Stores locations)
·         The wide selection of High Speed internet and TV packages
·         More HD content

If you require any further information at this time, please do not hesitate to contact us at 877-HELP (4357).

We wish to take this opportunity to extend heartfelt gratitude to you for supporting us on this journey. Your loyalty and commitment to us helped us to get to this point and helped us to position ourselves to embark on this new growth path.

We are committed to ensuring that this transition is seamless for you, our valued customer and trust that you will continue to remain loyal to this local service which has provided you with the most advanced residential broadband technology and High Definition TV on the market and promises even more in the future.

Kind Regards,
The Massy Communications Team

[Duane 3NE 2NR]

Was looking forward to trying Massy. But would wait an see how this unfolds. Never liked the Tstt experience lol

AFAIK It's still the same company, just now with more infrastructure.

[PapaC]

I am not happy about this development.

[EFFECTIC DESIGNS]

I am not happy about this development.

Why not?

TSTT and Massy broke they can't provide Fiber coverage anywhere near what Digicel is doing. Might aswell join up to compete with Digicel and Flow.

I know what you mean about TSTT service sucking major donkey balls and their $180 a month for 1MB DSL in the year 2017 but let us hope it works out for the best.

I too would prefer to have nothing to do with TSTT except their Bmobile service which I think is really good. Digicel mobile network sucks where I live but Bmobile is A+ connection.

I am still amazed at how the average TSTT customer in this country is still using 1MB DSL in this day and age.

[pugboy]

Digicel broke also, they looking for cash a while now to upgrade their mobile backend.
This shakeup,merger was inevitable with the number of players in the market a large capital cash expenses to put out infrastructure. Prob won't be the last merger either.

[EFFECTIC DESIGNS]

^ Yeah Digicel mobile stinks. But hey thankfully they have a real internet service.

25MB for $200 a month vs TSTT 1MB for $180 really sucks ass to be a TSTT internet customer.

[lchan485]

Haha. Yeah an tstt run fiber all in Maraval and Santa Cruz , put equipment in house and 6 months now . no connection yet. But the price they have on web page for Fiber is on par with Digi and Massy

[PapaC]

I am not happy about this development.

Why not?

TSTT and Massy broke they can't provide Fiber coverage anywhere near what Digicel is doing. Might aswell join up to compete with Digicel and Flow.

I know what you mean about TSTT service sucking major donkey balls and their $180 a month for 1MB DSL in the year 2017 but let us hope it works out for the best.

I too would prefer to have nothing to do with TSTT except their Bmobile service which I think is really good. Digicel mobile network sucks where I live but Bmobile is A+ connection.

I am still amazed at how the average TSTT customer in this country is still using 1MB DSL in this day and age.

Simple. If it ain't broke... doh fix it. I have Massy and I eh want no TSTT

[EFFECTIC DESIGNS]

^ I did some research on internet pricing and TSTT offering 1MB DSL for $180 is actually worse than the shittiest sh!t holes in the shittiest 4th world countries around the world.

Even the most utterly corrupt sh!t hole countries have better deals than that. 1MB land line internet for $180 AHAHAHAHHA

I paying $195 for 70mb from flow with the gamer package deal I got from GATT forum

[Duane 3NE 2NR]

^ I did some research on internet pricing and TSTT offering 1MB DSL for $180 is actually worse than the shittiest sh!t holes in the shittiest 4th world countries around the world.

Even the most utterly corrupt sh!t hole countries have better deals than that. 1MB land line internet for $180 AHAHAHAHHA

I paying $195 for 70mb from flow with the gamer package deal I got from GATT forum

where you got that $180 for 1MB from?
link?

[EFFECTIC DESIGNS]

^ I did some research on internet pricing and TSTT offering 1MB DSL for $180 is actually worse than the shittiest sh!t holes in the shittiest 4th world countries around the world.

Even the most utterly corrupt sh!t hole countries have better deals than that. 1MB land line internet for $180 AHAHAHAHHA

I paying $195 for 70mb from flow with the gamer package deal I got from GATT forum

where you got that $180 for 1MB from?
link?

That is their standard price for dsl internet which is the only thing with any coverage, that is how much I used to pay before switching to Flow.

It is $150 + $35 "phone rental"

I doh have to pay that scam with Flow, what you see with flow is what you pay. And I pay $195 for 70MB from the GATT forum deal I have no use for a land line phone and you are forced to pay for it with TSTT.

[Duane 3NE 2NR]

I'm seeing 25 Mbps for $223.88 per month
http://bmobile.co.tt/broadband/

unless you are on old copper lines

[EFFECTIC DESIGNS]

It is copper lines I am talking about. Just like the only service Flow has with any coverage is also copper line coaxial.

TSTT doesn't even have that fiber service in Piarco near the Airport where you can already get Flow and Digicel So why would anybody even consider that option?

And no i am not buying a house in Valsayn just to have access to their fiber. The only thing TSTT has that even competes with Flow and Digicel is their DSL so like I say TSTT offers 1MB internet for around $180 which is a joke.

They could have easily offered much better copper DSL packages like everyother country in the world. Ooh and BTW it looks like TSTT upgraded their DSL package from that link you posted, so forgive me I was wrong, its now a WHOPPING 2MB for $180

ummm Yeah... Nah ah go stick with meh 70MB copper line Flow for just $15 more.

[Monk BANzai]

Hehehe...What happens when Lisa Agard is on the Massy side and was former TSTT. Nothing about it really surprising and Massy have the same unrealistic targets like TSTT so.....


ohh y'all thought TSTT was actually performing ae?...

[EFFECTIC DESIGNS]

Hehehe...What happens when Lisa Agard is on the Massy side and was former TSTT. Nothing about it really surprising and Massy have the same unrealistic targets like TSTT so.....


ohh y'all thought TSTT was actually performing ae?...

We really have to give credit to Digicel for doing such a huge nationwide roll-out of Fiber. Both Massy and TSTT claim to have this Fiber but unless you living in very specific areas you are never going to see that.

Atleast a man could apply right to digicel now and get he 25MB Fiber for $200 a month, they even have buses going around and people meeting you home to sign you up. Instead of the Pipe Dream that TSTT and Massy selling. Fiber? yeah sorry we won't reach your area until 2050 so hold on till you retire.

Do you remember when Digicel first came out with FTTH? what did TSTT do? they place a big full page Ad in the papers T&T's first fiber network. And when you call they only available in Port of Spain. Yeah they cover a few more areas since then but its still a joke and a pipe dream

[Duane 3NE 2NR]

It is copper lines I am talking about. Just like the only service Flow has with any coverage is also copper line coaxial.

TSTT doesn't even have that fiber service in Piarco near the Airport where you can already get Flow and Digicel So why would anybody even consider that option?

And no i am not buying a house in Valsayn just to have access to their fiber. The only thing TSTT has that even competes with Flow and Digicel is their DSL so like I say TSTT offers 1MB internet for around $180 which is a joke.

They could have easily offered much better copper DSL packages like everyother country in the world. Ooh and BTW it looks like TSTT upgraded their DSL package from that link you posted, so forgive me I was wrong, its now a WHOPPING 2MB for $180

ummm Yeah... Nah ah go stick with meh 70MB copper line Flow for just $15 more.

What?