JAMAICA Business .....Paulwell: No sign of Digicel moving headquarters overseas.... Moody's had also noted that slowing subscriber growth, lower pricing plans and adverse foreign currency movements relative to the US dollar in Digicel's three largest geographies, (Jamaica, Haiti and Papua New Guinea)

MINISTER of Science, Technology, Energy and Mining (STEM) Phillip Paulwell says that the Government is unaware of any intention by telecoms giant Digicel to relocate its headquarters from Jamaica.

The Digicel headquarters in
 downtown Kingston.
(OBSERVER FILE PHOTOS

"They came here as a small enterprise, and now they are a multinational company operating from their base here in Jamaica, and based on the plans they have revealed to me, they intend to stay here and to grow even further," Paulwell told the House of Representatives on Tuesday in response to questions from Dr Andrew Wheatly, the Opposition spokesman on science, ICT and digital society development and the environment.

"Digicel continues to be a highly successful company...and we are proud of their achievements," Paulwell added.

Dr Wheatley had asked the minister if he was aware that, under the Urban Renewal (Tax Relief) Act, Digicel — the largest telecommunications provider in Jamaica — was an approved developer pursuant to which the company constructed its corporate headquarters in downtown Kingston, Jamaica.more