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Digicel Group has reported that its subscriber base rose by 15% over the year to 31st March 2010, ended with 10.8 million customers across 32 countries. Digicel closed out the year with revenues of USD $2.2 billion. This represents a 12% gain year on year and a compound annual growth rate of 24% from 2007 to 2010 aross all Digicel markets (Caribbean, Pacific, Central America).

In terms of Digicel Group (which comprises 24 markets across the Caribbean and the Caribbean), revenues were US$1.75 billion — up 1% year on year and 5% in constant currency terms — with EBITDA margin increasing to 43%, up from 39% the previous year.

In those 24 markets, Digicel achieved a 31% growth in data revenues year on year while the postpaid subscriber base grew by 18% year on year.

Digicel Group CEO, Colm Delves, comments; “It’s been another great year for Digicel. Our promise and commitment to our customers to deliver best value, best service and best network is continuing to translate into sustained growth and strong performance resulting in us once again over delivering against all of our internal targets.”

In the coming year, Digicel has the impending launch of consumer WiMAX services across Jamaica and 3G+ launches in the French West Indies and Bermuda.

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­Digicel Haiti has announced that its GSM network is back up and running in Port-Au-Prince following last weeks earthquake. 

With coverage in the rest of the country good, Digicel is also ensuring that all of its two million customers in Haiti can stay in contact with friends and family by giving each and every Digicel customer US$5 of free call credit – totalling US$10 million.

Since deploying a team of technicians to Haiti following the earthquake on Tuesday, January 12^th, Digicel has been working to restore its network in Haiti to full capacity.

A full assessment of the network has been carried out and the situation is as follows:

• All of Digicel’s three switch sites which serve the country are operational. One is damaged but an interim solution has been put in place until new equipment arrives
• 70% of the network’s cell sites are on air, with work on the remaining 30%
• Roaming is fully operational
• There is still some congestion on the network when making and receiving international calls
• An assessment of what network equipment is required has been completed and new equipment has been ordered and is en route to Haiti
• More teams of technicians have been assembled and are en route to support the existing teams on the ground

See the Digicel Group and Digicel Haiti account in EMAT.

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­Digicel Group, which has operations in the Caribbean and Central American has reported a 10% increase in its half year EBITDA to US$364 million on revenues of US$857 million. Digicel has grown its subscriber base by 7% in the past 12 months to 7.3 million, and in its most recent quarter to September 30th 2009, it added 98,000 subscribers.

Colm Delves, Digicel Group CEO, comments: “These results demonstrate a strong start to the financial year with Digicel increasing profits and subscribers even in a tough economic climate. Despite increased competition, Digicel is winning market share as customers continue to prefer the better value offered by Digicel’s Bigger, Better Network.”

Digicel‘s revenues for the six months to September 30th were US$857 million – growing 3% in constant currency terms. The company does not publish a net income figure.

See the Digicel Group record in EMAT

See the Colm Delves record in EMAT