Tag Archives: Colm Delves

Digicel Group Reports Six Monthly Revenues Rise 16%

Telecoms, , , , , ,

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.

Get access to the Digicel Group account using Latin Target.

What is Latin Target? Find out at www.latintarget.com

Digicel Group Announces Strong Financial Results for the Full-Year

Telecoms, , ,

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

See the Digicel Group and Colm Delves records in Latin Target.

What is Latin Target? Find out at www.latintarget.com

 

Digicel Subscriber Base Up 15% Over Past Year

Uncategorized, , , ,

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.

—-

See Colm Delves and the Digicel Group record in Latin Target.

What is Latin Target? Find out more at www.latintarget.com

Digicel Group Added Nearly 100,000 Subscribers in Q3 2009

Uncategorized, , ,

­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 Latin Target

See the Colm Delves record in Latin Target