Capstone announced today that Green Dot, a telecommunications provider headquartered in Trinidad and Tobago, has received regulatory approval to sell a 51% stake to One Caribbean Media. The acquisition allows Green Dot to continue reaching new markets and rapidly growing its subscriber base.
Capstone Strategic, Inc. (Capstone) announced today that Green Dot, Ltd. (Green Dot) has completed the sale of a 51% stake to One Caribbean Media Limited (OCM).
The transaction between Green Dot and OCM was first announced in August 2016 and closed after receiving expected regulatory approval. Capstone advised Green Dot on the agreement including facilitating discussions between Green Dot and OCM and providing negotiations assistance.
Green Dot is the leading ISP provider and third largest provider of digital television services in Trinidad and Tobago. Founded in 2004, the company provides wireless ISP and subscription TV services to residential and business customers in Trinidad and Tobago, Grenada, and Suriname. OCM is a regional media group quoted on the stock exchanges of Trinidad and Tobago and Barbados under the ticker symbol OCM.
The acquisition combines Green Dot’s leading telecommunication services and strong subscriber base with OCM’s resources to lead to a mutually beneficial deal.
CEO Ketan Patel will continue leading Green Dot and will leverage OCM’s marketing expertise to further expand into other countries in the Caribbean region. OCM’s investment is part of the firm’s diversification strategy.
“Our move to join forces with OCM will allow us to accelerate our mission to expand and grow in the Caribbean. Capstone served as an important advisor throughout the acquisition process and their expertise has been extremely helpful in bringing this deal to a successful close,” said Ketan Patel, CEO of Green Dot.
“We are delighted to see the acquisition between Green Dot and OCM come to fruition so that the two companies can continue providing superior internet, telecommunication, and entertainment services in the Caribbean. It has been a pleasure working with them and we are excited for their future growth,” said David Braun, CEO of Capstone.
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is a management consulting firm located outside of Washington DC specializing in corporate growth strategies, primarily mergers and acquisitions for the middle market. Founded in 1995 by CEO David Braun, Capstone has facilitated over $1 billion of successful transactions in a wide variety of manufacturing and service industries. Capstone utilizes a proprietary process, “The Roadmap to Acquisitions,” to provide tailored services to clients in a broad range of domestic and international markets. Visit the Capstone website at http://www.CapstoneStrategic.com.
About Green Dot
Green Dot, Ltd. was founded in 2004 and has since become the leading innovator in telecommunication solutions. Headquartered in Port of Spain, Trinidad and Tobago, the company offers wireless ISP and subscription TV services to residential and business customers in the Caribbean region. The Green Dot network has the capacity and capabilities to support today’s mission critical applications such as Virtual Private Networks, Voice and Video over IP, as well as bandwidth intensive applications such as Enterprise Resource Planning, Customer Relationship Management, and other Business to Business functions. Green Dot is committed to delivering world class solutions backed by unmatched customer support system. Visit the Green Dot website at: http://www.gd.tt.