Digicel Group Reports Six Monthly Revenues Rise 16%

Digicel Group saw revenues increase by 16 percent year-on-year to USD 1.24 billion in the first half of the fiscal year. EBITDA for the six months ended 30 September grew by 15 percent year-on-year to USD 524 million.

The operator’s subscriber base rose 14 percent to 11.1 million across Digicel’s 30 markets worldwide. Haiti in particular experienced rapid growth adding 830,000 new subscribers in the first six months of the financial year. Revenue earned from value-added-services, including mobile data and messaging, was up 47 percent year-on-year, helped by strong demand for smartphones, the company said.

Digicel Group CEO, Colm Delves, comments; “Our latest set of financial results reflect Digicel’s ongoing strong growth and outperformance of our industry peers. I am pleased to report that we have seen growth across the board and are also continuing to diversify our revenue mix with significant increases in value added services.

He continues; “The refinancing of our senior credit facility was well supported and provides us with further balance sheet flexibility.”

Digicel operates in 30 markets of the Caribbean, Central America and the Pacific.

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