Archive for the ‘L.I.M.E’ category

LIME squeezed further by recession

February 18th, 2010

time4lime1LIME Jamaica incurred a $351-million net loss for the three months to December 31, 2009 compared to a $33-million net profit in the comparative quarter in 2008, as costs associated with financing, depreciation and amortisation increased 70 per cent.

During the quarter, the telecom managed to keep its other operating expenses at $2.5 billion — the same as the comparative period in 2008 — and even improved its gross margin from $3.9 billion in the corresponding three months in 2008 to just over $4 billion in the review quarter.

Depreciation and amortisation charges for the quarter, however, were $1.3 billion compared with $764 million for the comparative period in 2008, while net finance costs increased by $152 million over the December 2008 quarter, primarily as a result of the increased interest costs of $329 million, which was 76 per cent higher than the comparative quarter in 2008 and which was higher due to additional borrowing from the parent company to fund network development and expansion as well as increased interest rates over the period. More

LIME, Digicel claim victory in Supreme Court ruling

February 12th, 2010

ARCH-rivals LIME and Digicel have praised yesterday’s Supreme Court ruling in a dispute between the telecoms giants over international call circuits.

LIME (formerly Cable & Wireless Jamaica) claimed victory in the case after the Court ordered Digicel to restore all of LIME’s circuits to full capacity, while Digicel described it as “fantastic news”, saying that the issue centres on a systems upgrade that Digicel intended to carry out in January 2009 to improve the call quality on its network and identify and control illegal bypass operations — all for the good of its customers.

LIME, in a release on the ruling, said it “took legal action against Digicel after Digicel blocked traffic on LIME’s international call circuits in December 2008, during the crucial Christmas period and again in January 2009″.

» Read more: LIME, Digicel claim victory in Supreme Court ruling

Cable & Wireless finalises demerger – Caribbean now under C&W Communications division

February 3rd, 2010

time4lime1British telecommunications company Cable & Wireless plc (C&W) set out the final terms of its demerger on Tuesday, including a US$500 million bond offer.

C&W said it plans to split into two separate companies by March 26, as it provided its final trading update as a sole company.

Listings for the two companies, Cable & Wireless Communications and Cable and Wireless Worldwide, will be sought on the London Stock Exchange, on March 22 and March 26, respectively.

C&W confirmed guidance for the current fiscal year, fore-casting earnings before interest, tax, depreciation and amortisation of between US$880 million and US$900 million for its Communications business. More

Number Portability looks likely whether Digicel likes it or not ?

January 27th, 2010

cellA Mobile number portability (MNP) service enables mobile phone users to change their service providers without changing their original number. Its purpose is to foster consumer choice and effective competition by enabling subscribers to switch between providers without the costs and inconvenience of changing telephone number. It can also be applied to fixed lines.

Yet, it’s the one thing Claro really wants, second only to overtaking Digicel this year in the marketplace. Digicel on the other hand, says “that the costs of implementing number portability are not outweighed by the benefits, based upon its experience in other markets.” Claro wants it badly; Digicel says it’s too expensive. It is, perhaps, tempting to assume that a newer market entrant would be welcoming MNP much more enthusiastically, mindful of an improved opportunity to grab customers from established rivals. So it’s not surprising then that challenging operators would take the aggressive stance, whereas dominant operators are initially more reluctant to push MNP. Hmmm! more

Digicel, Claro and LIME Face off on Fixed-Line Business in Jamaica

November 27th, 2009

Leading mobile telephone company Digicel has accused both LIME and Claro of colluding to gain a competitive advantage in the landline market and is calling on LIME to embrace competition which can only benefit the Jamaican consumer.

However, LIME is categorically refuting allegations made by Digicel that there is collusion between LIME and Claro in setting mobile prices. LIME Country Manager Geoff Houston dismissed the Digicel claim (which Digicel has lodged as a complaint to the Fair Trading Commission – FTC) as nothing more than a spurious attempt to keep inflated prices in the market and to distract the FTC from applying its energies to constraining Digicel’s anti-competitive practices. » Read more: Digicel, Claro and LIME Face off on Fixed-Line Business in Jamaica

Cable & Wireless to demerge operations, but LIME Jamaica not for sale

November 6th, 2009

time4lime1Telecoms provider Cable and Wireless plc (C&W plc) said that its international operations, which includes Jamaica, will not be sold amidst yesterday’s announcement that the group will separate into two companies in order to increase shareholder value.

“We are not selling the International division,” said Lachlan Johnston, C&W plc director of public relations, in an interview with the Caribbean Business Report. “All that is happening is that the two operating segments of our business are being separated in the demerger.”

The group’s Worldwide and International (CWI) divisions will be split and relisted on international exchanges. Johnston added that services provided to Caribbean customers will remain unchanged. Also, that further details on the demerger will be revealed later in the month.

The group saw a 44 per cent increase in its profit at £120 million for six months ending September 30, but all of this profit came from the International division at £146 million versus the Worldwide division’s £26-million loss.
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LIME hits Digicel with $100-m lawsuit

October 28th, 2009

time4lime1LIME filed a $100-million lawsuit against Digicel on Monday, claiming that the Irish-owned telecom unfairly priced its landline-to-mobile rates by as much as $2.48 per minute below the rate it charges LIME to terminate its landline calls.

But the amount now being sought by the British-owned telecom is dwarfed by the $3.9-billion lawsuit it brought against Digicel earlier this year – a case which is scheduled to be heard on Friday – only days after the current action was filed. More

Digicel tagged my private text messages with their promotions…how invasive !

October 26th, 2009

Digicel_Bigger_Better_Logo_1Digicel typically has many promotions and competitions to win things running at the same time. They usually promote it through the traditional media, on their website and also by sending a text message to you making you aware of the competition, if you are a prepaid customer when you check your credit status they tag it to the text message that comes back to you with the dollar value of credit left on your phone or if you call their customer service you hear the audio promotion before you are put through to an operator. They promote their stuff 360 degrees and hey that is why they are number uno in the Jamaican market- they are ubiquitous. » Read more: Digicel tagged my private text messages with their promotions…how invasive !

Digicel, LIME agree on industry watchdog – Gov’t proposes single regulator

September 11th, 2009

Telecoms rivals Digicel and LIME may be poles apart on most issues, but in a rare moment of agreement, the fierce commercial adversaries have both thrown their support behind Government’s plan for a single regulator to police the information and communication technology (ICT) sector.

Digicel’s support for the proposed move, voiced by its legal representative, is hinged on the hope that the single regulator will be more focused on ICT as opposed to broader utilities regulation duties. However, LIME’s backing, coming from its Jamaica boss, is tied to the company’s long-standing beef over perceived unfair practices in the mobile market.

Booming Caribbean telecom market…here’s why.

September 7th, 2009

Digicel_Bigger_Better_Logo_1Despite being relatively small by global standards, telecommunications has become one of the Caribbean’s major growth industries. In particular, the region’s mobile sector has been witnessing significant expansion in recent years. To date this growth has largely been harnessed by Jamaican-based mobile provider Digicel. This company is predicted to continue to dominate the robust mobile sector growth during 2009/10. » Read more: Booming Caribbean telecom market…here’s why.