Tag Archives: LIME

Cable & Wireless Seeks Latin America Expansion

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Cable & Wireless Communications (CWC) which operates in the Caribbean under the brand LIME – is looking to expand its operations with further Latin America acquisitions.

The move follows the recent sale of its Monaco & Islands division to Bahrain’s Batelco for US$680 million and the sale of the 51% stake in the Macau based telecoms network, CTM for US$750 million.

Cable & Wireless  operations remain primarily in the Caribbean and Latin America region and now they have the funds available, they are looking at possible deals in markets such as Cuba, Puerto Rico and the Dominican Republic. The company is targeting smaller markets and wont invest in countries such as Brazil — which he said were too big for the small company to deal with, says Tony Rice, Chief Executive Officer

He also confirmed that any deal would be aimed at landline assets that come with mobile operations rather than mobile-only operators.

“We see our business model in full service,” saying that the strategy had proved successful so far.

 

LIME CEO, David Shaw resigns

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Caribbean based mobile networks, Lime announced that its Chief Executive Officer, David Shaw, has decided to step down after 4 years leading the company. Shaw will be replaced by Tony Rice, who currently serves as chief executive of Lime’s parent company, Cable & Wireless Communications (CWC)

Shaw will remain with the business for the next six months to facilitate a smooth handover of responsibilities.

CWC recently announced its intention to focus its business on the Caribbean and Central American region, after agreeing to sell its Macau and Monaco & Islands operations.

Mr Shaw thanked his colleagues in Lime for their support during his time running the business:

“As a team, we have achieved a great deal during the past four years. Our business is fighting back in Jamaica, in The Bahamas we are well positioned to face up to competition when it comes, and we are competing strongly in our other markets. The business is more focused than ever on delivering for our customers.”

In an interim financial statement, the parent company said that it had maintained mobile market share in Panama, growing mobile service revenue by 5% with an increasing number of customers moving to data plans, driving an improved second half performance.

In Jamaica the company said that it continues to see an excellent response to the launch of competitive mobile packages and have increased mobile subscriber base by over 40% compared to the same point last year. The Bahamas is delivering solid progress in its financial performance together with much improved service and product offerings to its customers.

Restructuring costs will be increased by around $20 million to a total of $55 million.

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LIME CEO David Shaw steps down

Telecoms, , , ,

Caribbean based mobile networks, Lime announced that its Chief Executive Officer, David Shaw, has decided to step down after 4 years leading the company.Mr Shaw will remain with the business for the next six months to facilitate a smooth handover of responsibilities.

Tony Rice, Chief Executive of Lime’s parent company, Cable & Wireless Communications (CWC), will take over the leadership of the business, working with Lime’s regional business leadership team.

CWC recently announced its intention to focus its business on the Caribbean and Central American region, after agreeing to sell its Macau and Monaco & Islands operations.

Mr Shaw thanked his colleagues in Lime for their support during his time running the business:

“As a team, we have achieved a great deal during the past four years. Our business is fighting back in Jamaica, in The Bahamas we are well positioned to face up to competition when it comes, and we are competing strongly in our other markets. The business is more focused than ever on delivering for our customers.”

In an interim financial statement, the parent company said that it had maintained mobile market share in Panama, growing mobile service revenue by 5% with an increasing number of customers moving to data plans, driving an improved second half performance.

In Jamaica the company said that it continues to see an excellent response to the launch of competitive mobile packages and have increased mobile subscriber base by over 40% compared to the same point last year. The Bahamas is delivering solid progress in its financial performance together with much improved service and product offerings to its customers.

Restructuring costs will be increased by around $20 million to a total of $55 million.

C&W Worldwide reports full-year EBITDA of GBP 378 million

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Cable & Wireless Worldwide – operating in the Caribbean and Latin America as LIME -has reported trading in line with expectations for the year ending 31 March with trading cash flow of GBP 99 million, compared to GBP 116 million a year earlier.

It has implemented the first phase of a performance improvement plan, including refinancing, new operating model and additional hosting capacity, and expects market conditions to remain challenging during 2012/2013. EBITDA was GBP 378 million for FY 2011/2012, down from GBP 442 million a year earlier.

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LIME in Jamaica launches 100 Mbps broadband service

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Cable & Wireless Communications’ (CWC) Caribbean business, Lime, has launched a broadband service for residential customers. Lime is offering customers FTTH broadband plans with download speeds ranging from 12 Mbps to 100 Mbps.

Lime’s FTTH broadband service will initially be available to customers in the Montego Bay and St. Catherine areas. The network will gradually be extended to other parts of the country.

Lime launches 4G services in Cayman Islands

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LIME, the Caribbean business of Cable & Wireless Communications, has launched its 4G network in the Cayman Islands. The Cayman Islands upgrade is the first part of region-wide HSPA+ roll-out.

LIME‘s Cayman 4G network covers all three Cayman islands (Grand Cayman, Little Cayman and Cayman Brac). Lime has also introduced new price plans in Cayman for its 4G services. The packages include voice minutes, SMS and mobile data access. Lime plans to launch 4G services across 12 other Caribbean markets over the next 18 months. Lime Barbados and the Bahamas Telecommunications Company will be the next CWC businesses to launch 4G services later this year.

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Comverse Wins Caribbean Billing Contract with LIME

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Caribbean mobile network, LIME – which is owned by UK based Cable &  Wireless – has selected a platform from Comverse to handle its billing and  customer management, as part of a global framework agreement.

“In our drive to provide the most complete offering at the best value,  Comverse real-time billing and value-added services have served us well,”  said LIME’s Chief Technology Officer, Patrick Bradd. “This major upgrade  will advance our service to a higher level, giving our many lines of business  new capabilities and a coherence that will translate into a compelling enhanced  user experience unmatched in our marketplace.”

Significant OPEX reduction will be achieved by efficiency in numerous aspects  of operations, including servicing from just two centralized locations of the  operator’s entire coverage range across markets in multiple countries spread  over a vast geographical area.

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