New owner to pump $200m into Business Access TV expansion

  • Jamaica Gleaner
  • 19 Jul 2019
  • avia.collinder@gleanerjm.com

DAWGEN GLOBAL, an international business company incorporated in Belize and run by accounting professional Dawkins Brown, will utilise its newly acquired asset, Business Access Television, BATV, to leverage other services in the group.

Brown said that the acquisition of BATV was strategic and complements the professional services offered to the business communities.

“It is in keeping with our plan to operate a fully Caribbean integrated firm with operations in all the islands,” he told the

Financial Gleaner on Wednesday. “The acquisition of BATV will accelerate our entry in these markets,” he said.

BATV is a four-year-old cable network company that broadcasts local and international business news and was founded by Jamaican businessmen Leighton Davis and Garth Walker, who will exit the business, Brown said Wednesday.

The 15 staff members will remain employed and overseen by general manager Denzie Stephenson Miller, he said.

Dawgen Global is the holding company for Crowe Horwath Jamaica Limited, Dawgen Media Limited, Dawgen Jamaica, Dawgen Group, Crowe Horwath Trinidad and Tobago, and other entities.

The price of the BATV acquisition was said to be confidential. Brown said, otherwise, that Dawgen Global and Dawgen Media would be investing fresh capital in staff training, equipment and new studio facilities, and that both the acquisitions and capex plans were financed by a mix of debt and equity.

“Based on our preliminary budget, approximately US$1.5 million is required to achieve effective Caribbean coverage,” he told the Financial Gleaner. That capex budget translates to around $206 million in local currency at spot foreign exchange rates.

Brown, who is managing partner for Crowe Horwath Jamaica, said the company’s Caribbean network covers Jamaica, Trinidad and Tobago, The Bahamas, Bermuda, the Cayman Islands, Barbados, Antigua, St Lucia, Grenada, St Kitts-Nevis, Bonaire, Curaçao, St Maarten, Aruba and the Turks and Caicos Islands.

BATV has a near-similar market presence having earlier this year, began expanding into the wider Caribbean. It’s now in 14 markets outside its home base – Trinidad & Tobago, Cayman Islands, St Lucia, The Bahamas, Barbados, Anguilla, Antigua & Barbuda, British Virgin Islands, Curaçao, Grenada, St Kitts-Nevis, St Vincent and the Grenadines, Turks and Caicos Islands, and Dominica. Its focus is on niche programming aimed at promoting business and financial literacy.

Source: https://pressreader.com/@nickname12618174/csb_63iLcgtM5JCubdPeXv4fCJqjTPEKnzdxYvuaFj130_pMkv8-80-2d770rHX1iygY



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