Restructuring and legal costs during the October to December quarter resulted in Cable & Wireless Jamaica racking up a huge financial loss.
The company incurred $1.5 billion in operating exceptional items during the three months. As a result, it ended the period with a $1.89 billion loss.
Revenues increased by 14 per cent to $5.6 billion.
Customer base
In the meantime, Cable & Wireless Jamaica has announced that its customer base continues to increase.
It grew by 18% to 813,000 subscribers, while mobile revenue was up 34%.
The company says mobile data adoption rates by existing and new pre-paid subscribers are encouraging, while its fixed voice market share at the end of December maintained a near three per cent increase.
comments powered by Disqus
.jpg)
All feeds
