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GCN SUBSIDIARIES AND THE LORET GROUP

GLOBAL CARIBBEAN NETWORK (GCN)

 GLOBALCARIBBEAN NETWORK

On November 29, 2004,
the Regional Council of Guadeloupe awarded to Global Caribbean Network (GCN) a BOT contract to build and operate a fibre optic submarine cable system, linking Guadeloupe, St Martin and St Barthelemy to the Internet backbone in Puerto Rico.
This 20 year concession is worth 21,9 million euros, with 75% funding from the
European Regional Development Fund (FEDER) and the Guadeloupe Regional Council, and 25% from GCN's main shareholder, the LORET Group. For resilience and security reasons a Branching Unit between Puerto Rico and St-Martin connects St-Croix (U.S. Virgin Islands), a major Internet hub in the Caribbean region, to GCN cable system.
 

THE LORET GROUP

THE LORET GROUP

The Loret Group is a family-owned group and the main shareholder of GCF (60%). It is a substantial economic player in the French West Indies. Loret Group operates in Metropolitan Frances and the French Overseas Territories. Businesses include : Car import and distribution, Car Rental, Communications, Information Technology / Telecommunications. Example of businesses : Peugeot, Hertz and Global Caribbean Network.

 


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