Wireless Telecommunication Services
Company Overview of Digicel Group Limited
Digicel Group Limited provides mobile telecommunications services to retail, small and medium-sized enterprises, and government customers in the Caribbean, South Pacific, and Central America. The company offers prepaid and post-paid voice services; VAS services, including email, messaging, and Internet access, as well as advanced services, such as social media packages, music streaming, video streaming, and its proprietary mobile applications; and roaming services. It also provides mobile financial services, such as peer-to-peer transfers, and bill payments; recharge top-up, and merchant transfers and international remittances; and mobile advertising solutions comprising short messaging serv...
2 Church Street
Hamilton, HM 11
Founded in 2000
Key Executives for Digicel Group Limited
Chief Executive Officer and Director
Founder, Chairman and Chairman of Nomination Committee
Chief Financial Officer and Chief Accounting Officer
Chief Executive Officer of Digicel Guyana
Compensation as of Fiscal Year 2015.
Digicel Group Limited Key Developments
Yoma May Exit Digicel Asian
Oct 3 15
Yoma Strategic Holdings Ltd. (SGX:Z59) is deciding whether it wants to stay in Digicel Asian Holdings Pte. Limited as Digicel Group Limited, the owner of 75% stake in the JV, plans to leave. Yoma did not specify whether it was leaning towards exiting as well, adding only that it would make another announcement if there was a material development. Yoma shares fell 4.1% or SGD 1.5 Singapore to SGD 0.35.
Digicel to Implement Ad Control Technology to Improve Customer Experience and Help Drive Broadband Access
Sep 30 15
Digicel announced that it is deploying ad control technology at the network level on its networks across the globe to ensure a better experience for customers and to encourage the likes of Google, Facebook and Yahoo to help connect the 4.2 billion unconnected people across the globe. Ad control technology benefits both consumers and network operators alike. With ads using up as much as 10% of a customers’ data plan allowance, this move will allow customers to browse the mobile web and apps without interruption from unwanted advertising messages. Starting in Jamaica and rolling out to its other markets in the Caribbean and South Pacific in the coming months, Digicel will work with Israeli start-up, Shine Technologies, to be the first operator worldwide to deploy Shine’s mobile ad control technology at the network level. Shine’s technology blocks display and video ads inserted by ad networks in both mobile browsers and apps. For network operators meanwhile, for whom bandwidth is one of the most costly considerations, Digicel is looking to companies like Google, Yahoo and Facebook to enter into revenue sharing agreements with it so that this money in turn can be reinvested in network deployment and ultimately the bridging of the digital divide. Currently, these companies do not pay to make use of the network and the services they provide on it suck up bandwidth to make money for themselves through advertising while putting no money in. Broadband has proven to be transformative in both developed and developing countries alike promising to improve people’s lives and livelihoods and accelerate the achievement of the Sustainable Development Goals. In line with this, network operators across the world are investing billions in deploying networks. Latest figures from the ITU state that 43% of the global population now has some form of regular access to the internet, but there are still some 4.2 billion people who do not. And in the least developed countries, this number drops to a very low one in ten people who have access.
Digicel Group Mulls Acquisitions
Sep 25 15
Digicel Group Limited (‘Digicel) is seeking acquisitions. Directors of Digicel have told investors it is prepared to spend $400 million on up to 15 acquisitions as the group pivots away from being a pure mobile operator and expands into cable television, high-speed fibre and corporate services. Denis O’Brien, the chairman, Colm Delves, chief executive, and Laurence Hickey, the chief financial officer, outlined the acquisition plan in recent days in a presentation recorded for potential investors. About $1.3 billion of the cash raised will be used to fund debt paydown, while the directors said the bulk of the rest would be used to fund buyouts. Colm Delves said, “There are 15 opportunities we are looking at closely, and we are confident we will buy them at the right price.” Laurence Hickey said, “The target of at least $400 million would be largely used for mergers and acquisitions.”
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