Digicel capex US$650m for 2015

Digicel off prtDigicel Group should spend US$650 million on capital expenditure this financial year ending June 2015, based on its build out of cell towers in Myanmar, according to Fitch rating agency.
As a consequence of the heavy capital expenditure, the rating agency expects negative free cash flow for the Digicel group into 2016. Its capital expenditure is forecast to increase 17 percent more than a year ago then attenuate in 2016.
“[Its] as a result of network expansion and upgrades, including cable networks as well as a tower project in Myanmar. Capex is likely to decline to US$500 million in FY2016 and towards US$400 million in FY2017 as expansionary projects are largely completed,” stated US based Fitch rating on Digicel’s performance.
The telecom’s earnings remain stable despite weak growth in Jamaica but financial projections were not disclosed for the privately held company. Digicel generated “stable operating results” in the first nine months of fiscal 2015 (FY2015), ending on March 31, 2015, and Fitch expects this trend to continue over the medium term.
“During the period, the company’s constant-currency-based revenue posted stable growth of 5 percent with a solid EBITDA margin of 41.4 percent, which was a modest decline from 42.8 percent a year ago. (Fitch’s EBITDA calculation includes staff costs related to share options.),” stated Fitch. “This was mainly driven by increasing data revenue supporting average revenue per user, and steady growth in Papua New Guinea (PNG), Trinidad & Tobago, and the Other Markets segment….PNG continues to grow strongly, offsetting weak growth in other major countries of operation, such as Jamaica and Haiti.”
Its total subscriber base hovers at 13.8 million as of December 2014 from 13.4 million a year ago.
“FY2014 dividend payment was high at US$690 million, mainly due to the special dividend payment of US$650 million,” stated Fitch. “In the absence of sizable dividends, Fitch expects free cashflow to turn positive from FY2017.”

About IC Insider.com

Trackbacks

  1. […] additionally, C&W booked a charge relating to a court settlement between themselves and Digicel amounting $1.4 billion. Finance cost rose by $1 billion due to increased debt with the parent […]

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.