Jamaican govt to revoke Caricel licence

28 Mar 2018

Troubled Jamaican 4G start-up Symbiote Investments, which trades as Caricel, will have its licence revoked, Andrew Wheatley, the Minister of Science, Energy and Technology, has informed the House of Representatives this week. The Jamaica Gleaner quotes Wheatley as saying: ‘I have written to the principals of Symbiote indicating that I have a receipt of a recommendation from the Office of Utilities Regulation (OUR) and, as such, I am proceeding with the revocation … There were several conditions that they breached and, as such, the OUR recommended that we proceed to revoke the licence.’ It is understood that the issue of outstanding fees was one of the issues flagged up by the watchdog.

In October 2017 Symbiote agreed to sell its Jamaican 4G business to South Africa-based Involution for an undisclosed price. The sale was made public in February 2018, only for the regulatory authorities to protest that Symbiote had not sought government approval for the transaction.



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