Centennial’s success anything but Pyrites in the Caribbean

8 Oct 2004

US-based mobile operator Centennial Wireless has reported that revenues from its Caribbean operations reached USD83 million in its fiscal 2005 first quarter, up 12% on the corresponding period of 2003, on the back of strong subscriber growth in the Dominican Republic, Puerto Rico and the US Virgin Islands. In the three months to 31 August 2004 Centennial added 20,500 new customers to lift its regional total to 516,700. The company now claims to control 20% of the Puerto Rican wireless market, including a 30% share of the post-paid market, and reported that pre-paid and post-paid growth in the Dominican Republic was also strong. Meanwhile, the US group’s Caribbean broadband business contributed turnover of USD33.5 million in the period under review, up 27% year-on-year. Despite the successes, Centennial says it has no plans to expand its presence in the region in the short term.