Strong C&WJ mobile growth

Cable & Wireless HQ

Cable & Wireless HQ

Strong growth new mobile subscribers at Cable & Wireless Jamaica, continues to September, according to the latest quarterly report released earlier today by the United Kingdom listed CWC communication PLC (CWC), putting the number of mobile customers around 890,000. In our biggest region, the Caribbean, our Jamaica business, continued to attract new mobile subscribers (up 161,000 or 22 percent) and gain market share, where our market share of 31 percent has grown by 5 percentage points in the last 12 months leading to 10 percent revenue growth (14 percent at constant currency) and 45 percent growth in EBITDA. Across the Caribbean, Project Marlin investments in 2014/15 helped drive a US$15 million or 10 percent increase in mobile revenue with HSPA+ speeds now provided across the region, and a US$9 million or 9 percent rise in broadband revenue as we grew our subscriber base. Total Caribbean reported revenue grew 6 percent year over year, with EBITDA rising 22 percent. As integration momentum builds, an even stronger second half is expected”, the CWC report stated.
The report went on to state, “In the first half of the current fiscal year, our total number of network sites grew by 10 percent and our mobile networks carried 93 percent more data traffic, with Jamaica data traffic up 241 percent, BTC up 137 percent, Panama up 81 percent and Barbados 73 percent higher.”
In the Caribbean, the company said “we completed Phase 1 of our broadband expansion in Jamaica passing 800 homes in Portland with Phase 2 underway and set to pass an additional 7,300 homes taking our total homes passed to 276,000. We also began installation of a new backbone to upgrade core capacity to multiple 100Gbps links. In Trinidad, we passed an additional 4,800 homes with HFC, taking our total homes passed to 311,000 in Trinidad and we passed an additional 19,000 homes with FTTH in Barbados taking our coverage to over 100,000 homes passed. In the Bahamas, we have completed the design phase of our plans to pass 14,200 homes.”

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  1. […] growth in the Caribbean, up 7%, was offset by a 9% decline in BTC, consistent with our expectations CWC PLC reported today. Mobile revenues (40% of total Group revenue) was up 1% in the third quarter the […]

  2. […] and revenues are up in double-digits at Cable & Wireless Jamaica which contributed to reduced operating loss of $346 million, or 58 percent better than the outcome […]

  3. […] offers. In trading, Barita Investments lost 15 cents to close at $3.65 with 240,000 shares trading, Cable and Wireless enjoyed good volume as investors’ interest in the stock continues to build, at the close the stock […]

  4. […] that is lower. In trading, Barita Investments traded 20,000 units at $3.80 after gaining 14 cents, Cable and Wireless gained 20 cents, with 1,784,165 shares changing hands to close at $1.25. On offer were 779,720 […]

  5. […] of 8 stocks with bids higher than their last selling prices and 3 with lower offers. In trading, Cable and Wireless enjoyed heavy trading and gained 11 cents, with 7,617,380 shares changing hands to close at $1.36 […]

  6. […] units as 19 stocks gained and 3 declined after 90 minutes of trading. Notable trades took place in Cable and Wireless, the stock traded 6,553,797 units up to $1.40 but last traded at $1.35, Carreras ended with 768,164 […]

  7. […] Strong C&WJ mobile growth […]

  8. […] of new all-time highs were reached with the Jamaica Stock exchange. Some buying as come in for Cable and Wireless as the stock traded 2,082,202 shares as the price added 2 cents to 82 cents and as high as 85 cents. […]

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