Digicel revenues hit U$1.7bn

8 Jun 2009

Denis O’Brien’s Caribbean and Central American mobile business Digicel has reported revenues of US$1.73bn, up 11pc, while subscriber numbers worldwide reached 9.2 million.

The company recorded an EBITDA margin of 40pc, following the success of rollouts in El Salvador and Trinidad & Tobago, strong revenues and tight control of costs.

Recent launches in Honduras and Panama via Digicel Holdings have achieved over 1.1 million subscribers in less than five months, bringing total subscribers across 26 markets in the Caribbean and Central America to 8.2 million.

Worldwide, Digicel operates in 31 markets across the Caribbean, Central America and the South Pacific. The subscriber base worldwide grew from 7.1 million to 9.2 million in total, representing a growth rate of 34pc.

“We have again over-delivered on our targets – and our brand is recognisable for providing best value, best service and the best network in 31 markets across the Caribbean, Central America and the South Pacific,” said Colm Delves, Digicel Group CEO.

“Our focus continues to be on ensuring that our customers benefit from being with the Bigger, Better network and that – day in, day out – they can enjoy our innovative value offers and promotions, have access to the very best range of handsets available anywhere in the world and are supported by our award-winning customer service,” Delves said.

By John Kennedy

Pictured: Irish businessman Denis O’Brien