Business
JAM | May 17, 2024

C&W Caribbean revenues up 3 per cent as Jamaican subscriptions grow

Josimar Scott

Josimar Scott / Our Today

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Reading Time: 2 minutes
Inside Flow Jamaica’s flagship store on Half-Way-Tree Road in the Corporate Area

The Jamaican market was a significant contributor to C&W Caribbean’s 3 per cent revenue growth for in the first quarter (Q1) of 2024.

Results of the regional telecoms provider’s performance was provided in its parent Liberty Latin America’s segmented results for the period.

While Liberty’s revenues were flat, it realised marginal growth among its English-speaking Caribbean markets. Overall, it earned US$1,099 million in Q1 2024 compared to $1,102 million in the corresponding period the year before.

C&W Caribbean reported revenue of US$364.2 million for Q1 2023 compared with US$353.8 million a year earlier. Revenue growth was, however, one per cent lower than the 10 per cent growth achieved in Q 1 2023.

Aerial exterior view of Flow Jamaica’s corporate headquarters on Carlton Crescent in St Andrew.

“The focus on our broadband and postpaid bases continued to drive subscriber additions through the first quarter. All of our reporting segments added broadband subscribers in Q1, led by our Jamaica and Panama markets. In postpaid mobile, Costa Rica was our strongest performer with Puerto Rico impacted by migration efforts. We have implemented price increases in our largest C&W Caribbean markets and Costa Rica which are expected to support our revenue growth ambitions,” Liberty informed its shareholders.

In the Caribbean, fixed residential revenue increased by 2 per cent, driven by broadband subscriber growth, primarily in Jamaica. The growth was also due to the price increases across a number of markets over the past year.

C&W Caribbean’s local operation Flow Jamaica indicated to Our Today in an emailed response to a query that broadband subscription growth was due to it’s Ya’ad and Road campaign.

(Photo: Facebook @FlowJamaica)

“Our Ya’ad and Road product has definitely been a great success so far and a driver for Flow Jamaica’s growth on the residential market. It is currently the best offer in market for people willing to be connected and on the go. People realise they can make great savings while being connected everywhere, so it is attracting a lot of new customers indeed,” Flow Jamaica stated.

When asked for figures on subscription, the telecomms provider told Our Today to “rely on publicly available numbers, as already published by Flow or the Office of Utilities Regulations (OUR).” 

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