Digicel Group has reported that its subscriber base rose by 6 percent over the past year, to reach 11.5 million at the end of March 2011.

Revenues for Digicel Group were up 27% to US$2.23 billion with EBITDA margins solid at 43% following the successful integration of the Pacific. Overall, data now accounts for 15% of service revenues.

The company posted EBITDA of US$954 million for the year up from US$753 million the previous year and representing a year on year increase of 27% — similar to its revenues growth.

Digicel’s balance sheet and liquidity position has continued to improve with cash reserves of over US$600 million at 31 March 2011.
Commenting on the performance, Digicel Group CEO Colm Delves said: “It’s been another successful year for Digicel as we continue to grow our business, introduce innovative new technologies to our customers and deliver on our commitments to providing best value, best service and best network. We have successfully integrated our Caribbean and Pacific operations and expanded our capabilities in the business solutions area and have driven growth in our Caribbean and Pacific markets — especially in Haiti and Papua New Guinea.”

Digicel’s investment across its 32 markets worldwide totals US$4.5 billion and the company employs over 5,500 people worldwide

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