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Posts Tagged ‘Digicel

Digicel Subscriber Base Up 15% Over Past Year

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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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See Colm Delves and the Digicel Group record in EMAT.

What is EMAT? Find out more at www.marketaccesstool.com

Written by marketaccesstool

June 23, 2010 at 9:40 am

Cable & Wireless Granted Costs in Legal Case Against Digicel

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­Cable & Wireless Communications says that it has been awarded its costs of successfully defending the claims by its Caribbean competitor, Digicel, in the UK High Court. The High Court last week dismissed the claims that Cable & Wireless Communications had unlawfully delayed Digicel’s entry as a competitor in Caribbean telecoms markets.

Today it ordered Digicel to pay Cable & Wireless Communications and defendant parties’ costs of their defence. The defendants expect to recover the substantial majority of their costs – which ran to at least £15.5 million (US$24 million). Cable & Wireless Communications’ costs recovery will be accounted for as an exceptional gain in its 2010/11 accounts. The case was heard over 77 sitting days in the High Court in London, UK, and heard evidence from 43 witnesses.

Digicel issued its proceedings in July 2007, the day before the Cable and Wireless plc AGM, and at the time announced its claim amounted to “several hundreds of millions of pounds” of damages.

The case involved claims that the Cable & Wireless Communications Group had breached the telecoms statutes in six Caribbean territories (Barbados, Cayman, St Lucia, St Vincent & the Grenadines, Grenada and the Turks & Caicos islands) which Digicel was entering as a competitor to Cable & Wireless Communications between 2002-06. Similar allegations were also made against TSTT, the Trinidad & Tobago-based telecom operator, in which Cable & Wireless Communications holds a minority stake.

The High Court ruled Cable & Wireless Communications was entitled to costs in six out of the seven jurisdictions on an enhanced “indemnity basis”. The seventh jurisdiction is Trinidad & Tobago, where the court ruled Digicel to pay 87.5% of its recoverable costs. The Court further ordered Digicel to pay the defendants £8 million (US$12 million) of the costs within 28 days on account of its ultimate liability for costs.

See the Digicel Jamaica and Cable & Wireless Jamaica, Ltd record in EMAT

What is EMAT? Find out more at www.marketaccesstool.com

Written by marketaccesstool

April 26, 2010 at 3:34 am

Posted in Caribbean

Tagged with , ,

Ericsson Wins HSPA+ Contract in Bermuda

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Digicel Bermuda says that it has awarded a contract to Ericsson for the deployment of a HSPA+ network upgrade. The contract is worth US$9 million, and deployment has already commenced.

Digicel Bermuda CEO, Wayne Caines, said of the announcement: “With the launch of 3G+ from Digicel, Bermuda joins only 12 other countries in the world who have upgraded to this elite new technology and it will put us firmly on the map for any potential businesses or investors looking at Bermuda as a base. In addition, our customers will benefit from a network that offers the fastest speeds and better quality of calls with widespread coverage. Our team is working around the clock to rollout the state-of-the-art 3G+ network which we look forward to launching in the coming months.”

Figures from the EMAT analysts shows that Digicel Bermuda ended last year with 33,000 subscribers. This represented a market share of 36% in the small island nation.

Wayne Caines contact record in EMAT.  Digicel Bermuda record in EMAT.

What is EMAT?  find out more at www.marketaccesstool.com

Written by marketaccesstool

April 7, 2010 at 6:05 am

Digicel Jamaica seeks settlement with LIME

­Digicel Jamaica has filed an Arbitration claim with the International Chamber of Commerce (“ICC”) in Paris against Cable &Wireless in relation to allegations of significant unpaid interconnection fees. Cable &Wireless recently rebranded its Caribean mobile networks with the “Lime” brandname.

Digicel says that since July 2009, Lime has been underpaying for its interconnection by approximately US$650,000 per month. Digicel is seeking various declarations and orders from the ICC Arbitration Panel as well as interest on the amounts due and owing together with legal costs.

This claim by Digicel follows the decision of the Jamaica High Court to stay Lime’s US$43 million claim against Digicel earlier this year. While Lime vigorously opposed Digicel‘s application to have those proceedings stayed by the Jamaican Courts, Justice McDonald-Bishop ruled in favour of Digicel.

Richard Fraser, Digicel Jamaica‘s Head of Legal and Regulatory Affairs, comments; “The fact that Lime vigorously opposed this reference to Arbitration before the Jamaican Courts – and that it did not even bother to show up to Court today – leads us to seriously question whether it has as any belief at all in the merits of its own claims. “We want this issue resolved quickly and effectively.

Lime has launched numerous spurious legal and PR offensives in recent months – all cynically and misguidedly calculated to detract from the fact that its business is limping along and it wants to walk away from a contract that it freely entered into in 2001. “

Digicel Jamaica record in EMAT

Cable & Wireless Jamaica, Ltd record in EMAT

 

Written by marketaccesstool

November 17, 2009 at 3:38 am

Posted in Caribbean

Tagged with , , , ,

Digicel plans to HSPA+ Upgrade in 2010

­Digicel Bermuda has announced plans to offer a HSPA+ upgrade early next year – with the network deployment already under way.

Wayne Caines, CEO of Digicel Bermuda said; “From next year, Digicel’s Bigger, Better 3G+ Network will be the fastest network available in Bermuda. Digicel always sets new standards in everything it does – and this move is no different.

“Our 3G+ network will use the very latest in 3G technology which deliver speeds that are a number of times faster than the standard 3G speeds that customers in Bermuda have available. To ensure our customers always get the best, we have chosen what is known as “Evolved HSPA technology” – which is only in use by twelve other networks across the globe. That means Digicel customers will enjoy ground breaking internet speeds on their handsets and access to the biggest and best network wherever they are on the island and at an affordable price.” In addition to launching its 3G+ network, Digicel will continue to maintain and enhance its data-enabled island-wide EDGE network.

Wayne Caines contact record in EMAT.

Digicel Bermuda record in EMAT.

Written by marketaccesstool

November 4, 2009 at 1:36 am

Digicel Jamaica and Digicel Group to share a shack

Digicel Jamaica and Digicel Group are to combine their respective offices in a new office building, based in downtown Kingston area. Digicel is currently in the final stages of negotiating terms and carrying out feasibility studies on a plot of land right on the waterfront in downtown Kingston.

Written by marketaccesstool

October 28, 2009 at 11:20 pm

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