Two alleged cable thieves freed

Rasbert Turner, Star Writer

Two of the three men charged with the theft of LIME cables valued at more than $770,000 were freed when they appeared in the Spanish Town Resident Magistrate’s Court yesterday.

Freed are Rory Sewell, 30-year-old of Moneague, St Ann, and Lehu Gordon, businessman of Linstead, St Catherine.

When the case was mentioned, Ricardo Sewell told the court that he alone was responsible for the theft of the cables.

The other two accused were ordered released while Ricardo Sewell was ordered remanded until October 17 for sentencing.

Allegations are that on September 3, about 4 a.m., police personnel were on patrol in Sligoville, St Catherine.

A Honda Fit motor car driven by Ricardo Sewell with his son Rory was signalled to stop.

Cables found

It was searched and cables were discovered in the trunk of the vehicle.

Investigation revealed that it was the property of LIME.

Rory and Ricardo were subsequently charged with simple larceny while Lehu Gordon was charged with conspiracy.

The police said that Gordon was the person who rented the vehicle.

Attorney-at-law Shantez Stewart represented the freed men.

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Two alleged cable thieves freed

Digicel completes acquisition of Telstar Cable

Digicel on Thursday announced that it has completed the purchase of Telstar Cable having received the required approvals from the Broadcasting Commission.  Telstar Cable Limited is a leading provider of cable TV, broadband and fixed telephony services in Jamaica.

With the deal completed, Digicel will progress its plans to invest significantly in the network to increase coverage and further expand the products, services and content available to cable customers in Jamaica.

Digicel Jamaica CEO, Barry O’Brien, said; “We are thrilled to have completed the acquisition of Telstar today. Throughout this process, we have built a fantastic relationship with Flo and the entire Darby family and we are both very happy to be at this juncture today.

“This acquisition further cements Digicel’s ongoing commitment to investing in Jamaica – and with it, customers across the country can expect bigger, better subscriber TV services in the near future.”

Telstar Managing Director, Flo Darby, said; “This is a momentous occasion indeed. After many years of hard work, I am proud to be handing over this business to one of Jamaica’s great companies. Digicel has proven itself time and time again to deliver innovative products and services to its customers and I have no doubt that Telstar will be the platform to provide bigger and better TV and broadband services in Jamaica.”

The acquisition is Digicel’s fourth Caribbean cable acquisition in the last number of months and forms part of Digicel’s diversification strategy to continue to grow the business in Jamaica which includes ongoing significant investment in its 4G network and in fibre infrastructure throughout Jamaica.   

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Digicel completes acquisition of Telstar Cable

Police nab cable wire thieves

Rasbert Turner, Star Writer

Police personnel from Sligoville station in the St Catherine North Division, yesterday arrested two men who were allegedly found with a quantity of cable belonging to telecommunications provider LIME.

Reports are that about 12:30 a.m., police personnel were on patrol in the area. A green coloured Honda Fit motor car was spotted with two men aboard. It was signalled to stop and the driver complied.

During a search of the trunk, a large quantity of the cable wire was discovered.

Further checks revealed that the cables were removed from several utility posts in the area.

Contact was made to technical personnel at the telecommunications companies and it was identified as the property of LIME.

Meanwhile, the names of the suspects have been withheld by the police pending further investigation.

The Star was informed that the vehicle in which the men travelled was rented last Wednesday.

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Police nab cable wire thieves

VIDEO: Cable: Immigration van "offensive"

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VIDEO: Cable: Immigration van "offensive"

Cable warns on Help to Buy "bubble"

28 July 2013 Last updated at 07:54 ET Business Secretary Vince Cable fears the impact of government policies on the housing market

A flagship government scheme to revive the housing market could inflate it, Business Secretary Vince Cable warns.

The Help to Buy scheme provides equity loans of up to 20% for buyers of new-build homes in England will start part-guaranteeing mortgages for buyers across the UK from next year.

“I am worried of the danger of getting into another housing bubble,” Mr Cable told the BBC’s Andrew Marr Show.

Help to Buy has been credited with boosting first-time buyers this year.

But some have warned the government is interfering too much.

The first phase of the scheme was launched this year. From January, Help to Buy will be extended to help buyers of existing homes throughout the UK.

Mr Cable said: “The Help to Buy scheme is actually quite complex. We have one part that’s already operating, which is providing mortgages against new homes, nobody has questioned that.

“The proposal which hasn’t yet been implemented, which is providing a guarantee for a limited range of mortgages, could be a problem. It could inflate the market.

“But, if it’s properly designed it could be a useful addition.”

The second part of the scheme will allow people to buy with just a 5% deposit, with the government undertaking to act as guarantor for a mortgage for a further 20% of the value in the hope of giving banks greater confidence to lend.

Buyers of properties costing up to £600,000 will be eligible for the assistance.

But foreign buyers with no history of property ownership in the UK, buyers of second homes and buy-to-let landlords will be excluded, Chancellor George Osborne has said.

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Cable warns on Help to Buy "bubble"