Digicel Group Announces Third Quarter Results and Hits 11.5 Million Subscriber Mark
KINGSTON, JAMAICA–(Marketwire – Feb 24, 2011) – Digicel, the most appropriate worth mobile user in the Caribbean, Central America and the Pacific, currently voiced an additional considerable set of monetary formula for the entertain finished Dec 31st 2010.
With subscribers up 7% year on year to 11.5 million opposite Digicel’s 32 markets worldwide, Digicel continues to perform good opposite the board. It has seen expansion in all of the vital markets together with El Salvador, Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago and interpretation revenues have doubled year on year.
In conditions of Digicel Group Limited — that comprises the thirty markets of the Caribbean, El Salvador and the Pacific — for the entertain finished 31st Dec 2010, revenues were up 32% year on year to US$580 million, EBITDA (earnings prior to interest, taxes, debasement and amortisation) was up 32% year on year and reached a jot down tall of over US$240 million.
Digicel Group CEO, Colm Delves, comments, “I am gratified to inform that we have had an additional really clever quarter. Digicel has outperformed the attention peers with clever income expansion and strong margins.
He continues; “We sojourn committed to ensuring the business good from most appropriate value, use and network — and in the ongoing efforts to give behind to the communities. I would similar to to appreciate the valued business and staff for creation Digicel the success it is today.”
Key achievements in the entertain include:
Launch of mobile income services in Haiti underneath the “Tcho Tcho” Mobile code and endowment of the “first to market” accede to of US$2.5 million from the Bill & Melinda Gates Foundation
Successful launch of 3G+ use in the French West Indies
Successful distribution of US$300 million of comparison records — deduction of that have been to be used for ubiquitous corporate purposes
Acquisition of dual ICT businesses — Netxar in the Caribbean and Datanets in Papua New Guinea — to serve enhance Digicel ICT imagination and capabilities
Breaking belligerent on the brand new Digicel tellurian domicile in downtown Kingston, Jamaica
Digicel declared “Best Operator in a Developing Market” at the World Communications Awards and Denis O’Brien winning the Jamaica Observer Business Leader Foreign Investor Award
Renovation of the executive indicate of traffic — the Coronation Market — in downtown Kingston, Jamaica
About Digicel
After 9 and a half years of operation, Digicel Group Limited has 11.5 million business opposite the 32 markets in the Caribbean, Central America and the Pacific. The association is eminent for delivering most appropriate value, most appropriate use and most appropriate network.
Digicel is the lead unite of Caribbean, Central American and Pacific sports teams, together with the Special Olympics teams via these regions. Digicel sponsors the West Indies cricket group and is additionally the pretension unite of the Digicel Caribbean Cup. In the Pacific, Digicel is the unapproachable unite of multiform inhabitant rugby teams and additionally sponsors the Vanuatu cricket team.
Digicel additionally runs a host of community-based initiatives opposite the markets and has set up Digicel Foundations in Jamaica, Haiti and Papua New Guinea that concentration on educational, informative and amicable growth programmes.
In 2004, Digicel grown Digicel Rising Stars — an annual bent show to await determined immature song artists in the Caribbean. The show has spanned the Eastern Caribbean, Haiti, Jamaica and Trinidad & Tobago ranking as one of the top-rated shows.
Digicel is incorporated in Bermuda and the markets comprise: Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Honduras, Jamaica, Martinique, Nauru, Panama, Papua New Guinea, Samoa, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel additionally has coverage in St. Martin and St. Barts in the Caribbean.
Visit www.digicelgroup.com for some-more information.
