iliad and Digicel completed the formation of their joint venture.

iliad, a French provider of telecommunication services, and Digicel, a Caribbean mobile phone network and home entertainment provider, completed the formation of their joint venture. The joint venture company will own the mobile telephony network on behalf of the two groups in the French West Indies and French Guiana. Financial terms were not disclosed. The iliad Group and the Digicel Group will jointly invest in the new company in order to significantly increase the number of mobile sites in the region and therefore raise coverage and speeds. The objective is to ultimately have one of the largest telecom infrastructure networks in the French West Indies.