Strong mobile growth in the Caribbean, 7 percent, was offset by a 9 percent decline in BTC, consistent with our expectations CWC PLC reported today. Mobile revenues (40 percent of total Group revenue) was up 1 percent in the third quarter the report stated.
Caribbean growth was driven by continued subscriber additions in Jamaica (+15 percent) where investment in our mobile network led to revenue growth of 16 percent, with data revenue up 72 percent. Broadband (13 percent of Group revenue) was 5 percent higher against the prior year, as subscriber growth in the Caribbean drove Group subscribers up 6 percent.
The company said that they are training new customer service agents for our new call centre in Jamaica which is expected to open in March quarter.
Regulatory approval for Liberty Global to acquire the entire share capital of CWC PLC is ongoing. It is expected that the Scheme Document to be dispatched by mid-March with completion in the second calendar quarter of 2016, as stated in the Offer Announcement.
CWC Caribbean business grows
February 11, 2016 by
