Tag Archives: Digicel

Digicel Bermuda fights off allegations

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Bermuda’s Supreme Court has ruled in favour of Digicel Bermuda in response to allegations that the mobile network is illegally offering long distance services.

Digicel Bermuda says that it was totally successful in defending the right of Transact to offer a long distance telephone service to customers in Bermuda in competition with TBI and LinkBermuda. The judge accepted that Digicel was entitled to market this service under the Digicel brand name.

Specifically regarding TBI’s injunction against Digicel — which would have prevented Digicel from carrying long distance traffic to Digicel Bermuda customers — this injunction has failed. It is Digicel’s view that the application was wholly misconceived and constituted an abuse of process.

After the judgment was given, a separate application was been made by Digicel/Transact for an injunction compelling CellOne to provide its customers with interconnection to the Digicel network so that Cellone customers may subscribe for the Digicel/Transact service.

This application was successful and seven days from today, CellOne must start the process of interconnection unless the relevant Ministers apply to the Court objecting.

See the Digicel Bermuda record in Latin Target.

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Digicel Group Announces Strong Financial Results for the Full-Year

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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

 

C&W calls for Digicel-Claro Jamaican Merger to Be Investigated

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Jamaica’s Cable & Wireless – opertating under the brand LIME – has written to the Government, the Office of Utilities Regulations (OUR) and the Fair Trading Commission (FTC) expressing concerns about the recently announced deal for Digicel to buy its local rival, Claro.

Digicel and Claro announced last week that Digicel would sell its businesses in El Salvador and Honduras to America Movil, while in turn Claro Jamaica would be sold to Digicel.

According to analysts, the combined market share of the two companies in Jamaica comes to 80%, leaving Cable & Wireless (LIME) with the remaining 20%. The move has raised concerns that Digicel is effectively returning the country to a de-facto monopoly status.

The company said that given the significance of the merger to the Jamaican telecoms industry, the regulators “should carefully assess the deal, before approval is given by the relevant minister”.

“As a company proudly serving Jamaica for over 140 years, providing employment for more than 1,400 Jamaican workers and with almost 25,000 Jamaican shareholders, we stand ready to cooperate with all industry players to ensure the interests of our country and the Jamaican consumer are best served,” Lime’s managing director, Garry Sinclair said in a brief statement.

See the LIME Jamaica and Digicel Jamaica records in Latin Target

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Digicel buys Claro Jamaica

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Digicel has agreed to acquire America Movil’s Claro business in Jamaica. In turn, America Movil will acquire Digicel’s businesses in El Salvador and Honduras. Financial terms of the transaction have not been disclosed. However, there will be a net cash payment to Digicel. The transaction is subject to regulatory approvals and is scheduled for completion in the second quarter.

See the Claro Jamaica and Digicel Honduras and Digicel El Salvador records in Latin Target.

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

America Movil will acquire Digicel in El Salvador & Honduras

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America Movil will acquire Digicel’s businesses in El Salvador and Honduras in exchange for America Movil’s Claro business in Jamaica. Financial terms of the transaction have not been disclosed. However, there will be a net cash payment to Digicel. The transaction is subject to regulatory approvals and is scheduled for completion in the second quarter.

See the Claro Jamaica and Digicel Honduras and Digicel El Salvador records in Latin Target.

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

Digicel closes 2010 with 11.5 million subscribers

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DigicelCaribbean based mobile operator Digicel Group saw its revenues increase by 32 percent year-on-year to USD 580 million in the third quarter ended 31 December 2010.

At end-December 2010, Digicel reached 11.5 million customers across the 30 worldwide markets where it currently operates.

Digicel saw growth in all of its major markets, including El Salvador, Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago, and data revenues have doubled year on year, the company said.

See the Digicel Group records in Latin Target.

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