Digicel enjoys profits of €664m

DENIS O’BRIEN’S Caribbean-based telecommunications company, Digicel is eyeing up expansion into the Bahamas and Cuba when those markets become liberalised — after clocking up profits of $954 million (€664m) last year.

The company, now in its tenth year, yesterday reported strong financial growth for its latest financial year, with all metrics rising ahead of expectations.

The profit figure, for the 12 months to the end of March, represented a 27% rise; with group revenues up by the same amount to $2.23 billion.