Digicel Closes 2009 with $2.2 B in Revenue

The mobile telephony provider, who operates in Central America and the Caribbean, reached 10.8 million customers.

Monday, June 21, 2010

Colm Delves, CEO of the company, commented the company’s results for the March 2009- March 2010 period. He noted that the situation in Honduras has been difficult due to the economic and political crisis, but that things are coming back to normality.

"Here we have grown our subscriber base by 46 per cent over the last 12 months going from 1.1 million to 1.6 million customers. We are beginning to see the green shoots appear in that market, where remittances are beginning to improve again”, he said.

“Panama is going great and we have over 600,000 customers there. Blackberry has been a huge success there. It is a bit like Manhattan with high rise buildings and a growing affluent professional class with a US dollar-based economy”.

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Digicel Announces Investments in El Salvador

December 2012

The President of Grupo Digicel has announced investments over the next eighteen months of more than $40 million.

In his short visit to El Salvador, Denis O'Brien was interviewed about the expansion, with topics covered such as the Salvadoran authorities refusal to authorize the sale of Digicel to Claro and the company’s future investments in the country.

Costa Rica, Digicel's Upcoming Challenge

December 2009

Costa Rica is next on the list for Digicel, telecommunications provider in Central America.

This was announced by Luis La Rocca, vice president of the board at Digicel Panama, who added that they have a 20% market share in Panama, after only one year of operations.

Nacion.com reports: "Dicigel, founded in Ireland, made a $350 million investment in Panama, which included installing over 700 GSM/EDGE towers and 200 product and customer service stores in the country".

Digicel to Fund Central American Operation with $215 million

March 2009

Digicel Group will acquire 35.8% of Digicel Holdings Central America Limited (DHCAL) for $215 million.

DHCAL is the owner of Digicel mobile phone operations in Honduras and Panama, where it began operating in November and December 2008 respectively.

The money will come from a placement of $335 million in Digicel Group corporate bonds.

Digicel will have coverage in all of Central America

September 2008

The Digicel Group confirmed yesterday in Panama their decision to invest "multi-million dollar" sums of money in cellular communications in Central America.

In an attempt to shake up the main competition in the region, the investment will be carried out strongly geared towards components such as technology, equipment, and offers to consumers.