Belize’s Digi reports on the pandemic’s effects of company revenue
Belize’s incumbent telco Digi continues to embark on its transformation into a full service provider, with a focus on LTE and fibre-based infrastructure. The company expects to have completed its migration from a legacy copper network to a full fibre network by March 2022. More than 90% of the company’s fixed subscribers can access its fibre network.
The ongoing pandemic encouraged Digi to increase fixed broadband speeds to about 90% of its 31,000 customers. This has improved customers’ ability to school and work from home, both being important considerations during periods of lockdown and restricted travel.
The difficult economic effects caused by the pandemic contributed to a 17% decline in Digi’s overall revenue for fiscal 2021 (to March 2021). Fibre-based services accounted for 44% of total revenue, while mobile services accounted for 43% and legacy copper-based services for 8%. Revenue from fixed network services increased 9% in the year, reflecting the higher ARPU gained from fibre broadband subscribers, though revenue from mobile services fell 1% in the year.
