Staying Aliv; CBL losses widen whilst new mobile unit ramps up

1 Mar 2017

Cable Bahamas Limited (CBL), the nation’s largest ISP by subscribers, has registered a net loss of BHD16.57 million (USD16.46 million) for the year ended 31 December 2016, widening from BHD14.37 million in 2015. Turnover was up 9.0% year-on-year to BHD180.59 million, though operating expenses also grew 20.2% on an annual basis, to BHD136.96 million. The operator attributed the downward trend to repair costs related to hurricane Matthew, whilst it was also still waiting to reap the benefits of expansion into the US. The operator noted that the Bahamas’ second mobile operator, Aliv – in which CBL holds a 48.25% stake as well as board and management control – was beginning to generate additional income for the operator, contributing 2.5% of CBL’s revenue. The cableco went on to say that, with the imminent launch of mobile number portability (MNP) in April 2017, it expects Aliv to capture 30% of the wireless market by the end of 2017.

Bahamas,Aliv, Cable Bahamas Limited (CBL, REV),

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