Digicel, the Caribbean’s largest mobile telephone service provider, continues to look to expand beyond its existing 32 markets located across the Caribbean, Central America and the Pacific.
Last week the Group reported revenues of US$2.2 billion for the financial year ended March 2010. This represented a 12 per cent gain year-on-year and a compound annual growth rate of 24 per cent from 2007 to 2010 when all Digicel markets are included.
Digicel was able, despite the global financial crisis, to grow its subscriber base by 15 per cent to 10.8 million across its 32 markets.
Beginning operations firstly in Jamaica back in 2001, it has organically expanded by employing a tried and tested model - entering markets that are liberalised yet underserved and providing a competitively priced countrywide service with a reliable network. Digicel has been heralded as one of the fastest-growing mobile telephone service providers in the world having the temerity to enter territories where other operators fear to tread.
