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Digicel Subscriber Base Up 15% Over Past Year

Source :Cellular-News          update : 2010-06-18

Caribbean, Central America and Pacific operator, Digicel 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 US$2.2 billion. This represents a 12% gain year on year and a compound annual growth rate of 24% from 2007 to 2010 when all Digicel markets are included.

In terms of Digicel Group Limited (which comprises 24 markets across the Caribbean and El Salvador), 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.