C&W Jamaica’s quarterly mobile revenues fall; losses narrow slightly

22 Aug 2008

Full-service telco Cable & Wireless Jamaica (C&WJ) has posted a net loss of JMD27.4 million (USD385,000) in its fiscal first quarter ended 30 June 2008, compared to a loss of JMD28.1 million in the same period last year, reports BNamericas. Revenues in the quarter declined by 4% to JMD5.7 billion from JMD5.94 billion a year ago, as a result of a 16% year-on-year fall in mobile turnover to JMD1.3 billion. In a statement, the company pointed to a change in strategy in the last year to focus on gross margin, which improved by 6% year-on-year in the most recent quarter to JMD3.76 billion as a result of a 19% decrease in total cost of sales. In June, C&WJ deployed a converged service ‘Homefone Xpress’, which makes fixed line voice services available to customers in remote areas via its mobile network. Last week UK-based C&W’s CEO for the Caribbean region Richard Dodd announced plans to invest USD400 million over the next three years in upgrading infrastructure across its 13 units in the region.

Jamaica, Cable & Wireless (UK), LIME Jamaica