Big backing for ReadyTV – Lee-Chin’s AIC now single largest shareholder

Michael Lee-Chin's AIC Jamaica Ltd has taken a significant equity stake in Ready Communications, owners and operators of Jamaica's first digital free-to-air and pay TV broadcaster, ReadyTV.

Lee-Chin has expressed satisfaction with the progress of the start-up telecommunications firm led by David Cassanova and Chris Dehring, and while the level of investment has not been disclosed, the parties say AIC is now the single largest shareholder in ReadyTV.

"We are excited by both the commercial opportunity and the positive socio-economic impact this service will have on all Jamaicans. We see ReadyTV, and its unique business model and technology, as a vehicle to bridge the digital divide and bring more people into the digital world," said Lee-Chin.

PLEASED TO JOIN FORCES

He added that he was pleased to join forces with the main principals behind the project.

"We know exactly what we get with Chris, given his track record of innovation, energy and leadership. And we are equally proud to haven gotten to know David, who has designed and implemented ReadyTV's state-of-the art digital network, truly a leader and innovator in his field. They make a great team."

ReadyTV was launched in May 2017 and has already caused a buzz with its digital service.

"We see ourselves as facilitating the digital switch-over in Jamaica," said Dehring, who is the co-CEO of ReadyTV along with Cassanova.