C&W Jamaica’s quarterly mobile revenues fall; losses narrow slightly

22 Aug 2008

Full-service telco Cable & Wireless Jamaica (C&WJ) has posted a net loss of JMD27.4 million (USD385,000) in its fiscal first quarter ended 30 June 2008, compared to a loss of JMD28.1 million in the same period last year, reports BNamericas. Revenues in the quarter declined by 4% to JMD5.7 billion from JMD5.94 billion a year ago, as a result of a 16% year-on-year fall in mobile turnover to JMD1.3 billion. In a statement, the company pointed to a change in strategy in the last year to focus on gross margin, which improved by 6% year-on-year in the most recent quarter to JMD3.76 billion as a result of a 19% decrease in total cost of sales. In June, C&WJ deployed a converged service ‘Homefone Xpress’, which makes fixed line voice services available to customers in remote areas via its mobile network. Last week UK-based C&W’s CEO for the Caribbean region Richard Dodd announced plans to invest USD400 million over the next three years in upgrading infrastructure across its 13 units in the region.

Jamaica,Cable & Wireless (UK), LIME Jamaica,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share