Caribbean operator Digicel has acquired the 700Mhz radio spectrum at half the $45 million price tag that the Jamaican government failed to sell it at last October.

Phillip Paulwell, minister of science, technology, energy and mining, outlined the spectrum block band had been sold for USD25 million.

“In retrospect, it would have been difficult for us to have got as much as we thought there was value in it and even after we were seeking to negotiate, we were way below the USD25 million. People were coming to us at 10. Getting 25 in the end has been quite significant,” the minister told local newspapers.

The government has still only sold one block of 700Mhz spectrum, and still aims to sell the remaining blocks.