News and Media

News and Media

After months of planning, the Tele-Gathering Committee of LIME is reporting an overwhelming success after hosting the 19th annual Tele-Gathering.  Tele-Gathering was held over the Easter Weekend from April 17th to 21st, and over 150 delegates from across the Caribbean visited the Spice Isle.  

(TendersInfo (India) Via Acquire Media NewsEdge) Project number : 33791 Region : Latin America and the Caribbean Company name : Facey Group Country : Jamaica Sector: N-AC - Mobile Telephony Department: Reg Ind, Infra & Nat Res, CAF/CLA Status: Pend PDS-IR Date SPI disclosed: December 13, 2013 Projected board date : February 5, 2014 Project Description: Acquired by the Musson family in 2000 and headquartered in Jamaica, the Facey Group ( the Group or the Company ) is the leading value-added distribution and services conglomerate in Central America and the Caribbean, with operations in ov

FACEY Group aims to invest over US$51 million to regionally expand its distribution and telecomunications services.

The conglomerate is seeking roughly half of the financing from the International Finance Corporation (IFC), the financial arm of the World Bank, through equity participation.

However, the US$20-25 million that the IFC is considering investing won't translate into a stake larger than 20 per cent of Facey's shares "on a fully converted basis". Facey will put up the remaining funds through internal cash generation.

A new mobile brand hopes to use a sponsorship deal with the Caribbean Premier League (CPL) to boost its imminent roll-out in the Jamaican market.

XOX, described as a new international mobile brand, is the founding sponsor of the Jamaica Tallawahs cricket team in the CPL, the highly anticipated Twenty20 cricket tournament to be played across the region.