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May 04, 2015 6:43 PM ET

Diversified Telecommunication Services

Company Overview of Cable & Wireless Jamaica Limited

Company Overview

Cable & Wireless Jamaica Limited provides integrated telecommunications services. The company offers mobile, broadband, TV, fixed line, and enterprise services to residential and business customers. Its fixed lines services include the provision of land lines to facilitate local and international calls; and broadband, data, and other services comprise broadband, metro Ethernet fiber services, frame and leased type services, and hosting and storage services, as well as equipment sales and services. The company’s mobile services include post-paid and prepaid voice and data services; handsets sales and services; 2G, 3G, and 4G mobile services; and value added services, including landline, Inter...

2-6 Carlton Crescent

Kingston,  10






Key Executives for Cable & Wireless Jamaica Limited

Cable & Wireless Jamaica Limited does not have any Key Executives recorded.

Cable & Wireless Jamaica Limited Key Developments

Cable & Wireless Jamaica Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Cable & Wireless Jamaica Limited announced consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenue of JMD 5,627 million against JMD 4,939 million a year ago. Operating profit before exceptional items was JMD 690 million against JMD 496 million a year ago. Loss before income tax was JMD 1,884 million against JMD 297 million a year ago. Loss for the period was JMD 1,895 million or 11.3 cents per share against JMD 316 million or 1.9 cents per share a year ago. EBITDA was JMD 1,283 million against JMD 912 million a year ago. For the nine months, the company reported revenue of JMD 15,528 million against JMD 13,724 million a year ago. Operating profit before exceptional items was JMD 1,337 million against JMD 317 million a year ago. Loss before income tax was JMD 3,184 million against JMD 1,690 million a year ago. Loss for the period was JMD 3,217 million or 19.1 cents per share against JMD 1,747 million or 10.4 cents per share a year ago. EBITDA was JMD 2,939 million against JMD 1,450 million a year ago. Net cash used in operating activities was JMD 25 million against JMD 3,736 million a year ago. Purchase of property, plant and equipment was JMD 5,051 million against JMD 1,216 million a year ago.

LIME to Pay USD 13 Million to Digicel Jamaica over Unpaid Fees

Cable & Wireless Communications' Jamaican unit, LIME, will pay competitor Digicel more than JMD 1.5 billion (USD 13 million) for unpaid fees. The Jamaican Supreme Court sided with Digicel on the two lawsuits presented by the Irish-based telecom in 2007 and 2009. In those suits Digicel argued that LIME had failed to pay the appropriate fees for the calls placed by LIME customers to Digicel lines. LIME filed a counter lawsuit against Digicel for JMD 600 million. However, the judged agreed with Digicel and held that LIME had deducted a sizable amount from the fees collected from its fixed-line customers.

Cable & Wireless Jamaica Limited Announces Executive Changes

Cable & Wireless Jamaica Limited announced that resignation of Ms. Karen Sutherland as a CFO and Mr. Ian Cleverley will assume the duties of Interim Chief Financial Officer of LIME on February 2, 2015.

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