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Caribbean - Telecoms, Mobile and Broadband - Statistics and Analyses

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    Report

  • 246 Pages
  • July 2021
  • Paul Budde Communication Pty Ltd
  • ID: 5121539

Caribbean’s second major telco lives to fight another day

Faced with an unsustainable amount of debt, the Caribbean’s second biggest telco (and only major competitive threat to the regional incumbent Cable & Wireless Communications) pulled off a comprehensive restructuring deal that has, for now, allowed it to stave off bankruptcy.

 

By April 2020, the Digicel Group owed more than $7.4 billion, which is roughly equivalent to the amount it has invested in developing its telecom infrastructure over the years (albeit mostly through debt capital). The group filed for bankruptcy protection in the US, but a proposed restructure of the company’s organisation, as well as a debt-to-equity exchange, saw lenders rally to save it from going down that path - at least for the time being. By June 2020, Digicel had managed to reduce its debt load by $1.7 billion, and the resulting cut in interest payments has meant that its earnings are once again exceeding its outgoings. Nevertheless, the company has considered off-loading its business units in the Pacific in a bid to further reduce its debt pile.

 

While Digicel has been able to continue to provide uninterrupted services in all of its Caribbean operations, the battle is far from over. The lingering effects of the Covid-19 pandemic (which continues to keep the lucrative tourist market away from the region), and stagnant growth in its domestic subscriber base has meant that Digicel’s earnings have dropped quarter by quarter. Any further declines in ARPU and revenue, coupled with currency depreciation, could tip the balance the other way. A quick-fire sale of assets may then become the next course of action.

Caribbean Market Comparison
  • Mobile and mobile broadband penetration
  • Fixed and mobile broadband penetration

Covid-19 and its impact on the telecom sector
  • Economic considerations and responses
  • Subscribers
  • Infrastructure

Telecommunications market
Regulatory environment
  • Organisation of Eastern Caribbean States (OECS)
  • Eastern Caribbean Telecommunications Authority (ECTEL)
  • Caribbean Community (CARICOM)
  • Association of Caribbean States (ACS)
  • Telecom sector liberalisation
  • Caribbean Association of National Telecommunication Organisations (CANTO)

Mobile marketFixed-line broadband market
Major telecom operators in the Caribbean
  • CWC/Liberty Global
  • Digicel

Telecommunications infrastructure
  • Submarine cable systems

Anguilla
Antigua and Barbuda
  • Mobile market

Aruba
Bahamas
  • Regulatory measures
  • Market competition
  • Fixed-line
  • Mobile
  • Broadband
  • Submarine cables

Barbados
  • Mobile
  • Broadband

Bermuda
  • Mobile
  • Broadband
  • Smart grids

British Virgin Islands
  • Mobile market

Cayman Islands
Dominica
  • Mobile

GrenadaGuadeloupeMartiniqueMontserratNetherlands AntillesSt Kitts and Nevis
St Lucia
  • Mobile

St Vincent and the Grenadines
Trinidad and Tobago
  • Telecom sector
  • Fixed network
  • Mobile
  • Fixed and mobile broadband
  • Data centres

Turks and CaicosUnited States Virgin IslandsAppendix Historic dataGlossary of abbreviationsRelated reports
List of Tables
Table 1 Change in CWC's residential revenue by type ($ million) 2017-2021
Table 2 Growth in the number of CWC's fixed-line RGUs by sector 2009-2021
Table 3 Growth in the number of CWC's mobile subscribers 2009-2021
Table 4 Country data Antigua and Barbuda 2021 (e)
Table 5 Antigua and Barbuda subscribers by sector 2010-2020
Table 6 Antigua and Barbuda penetration by sector 2010-2020
Table 7 Antigua and Barbuda mobile broadband subscribers 2012-2020
Table 8 Country data Aruba 2021 (e)
Table 9 Country data Bahamas 2021 (e)
Table 10 Bahamas - Change in telecom sector revenue 2011-2020
Table 11 Bahamas - Decline in fixed lines in service and penetration 2011-2020
Table 12 Bahamas - Mobile subscribers and penetration 2011-2020
Table 13 Bahamas - Mobile broadband subscribers and penetration 2012-2020
Table 14 Bahamas - Fixed-line broadband subscribers and penetration 2011-2020
Table 15 Country data Barbados 2021 (e)
Table 16 Barbados - Fixed telephony subscriptions and penetration 2011-2020
Table 17 Barbados Mobile subscribers and penetration 2011-2020
Table 18 Barbados - Mobile broadband subscribers and penetration 2012-2020
Table 19 Barbados - Fixed-line broadband subscribers and penetration 2011-2020
Table 20 Country data Bermuda 2021 (e)
Table 21 Bermuda - One Communications financial data ($ million) 2016-2020
Table 22 Bermuda - Change in the number of subscribers by sector 2011-2020
Table 23 Bermuda - Change in penetration of services by sector 2011-2020
Table 24 BVI - Change in the number of subscribers by sector 2010-2020
Table 25 BVI - Change in penetration of services by sector 2010-2020
Table 26 BVI Active mobile broadband subscribers and penetration 2013-2020
Table 27 Cayman Islands - Change in the number of subscribers 2011-2020
Table 28 Cayman Islands - Change in penetration by service 2011-2020
Table 29 Cayman Island telecom and broadcasting revenue 2011-2019
Table 30 Country data Dominica 2021 (e)
Table 31 Dominica - Change in the number of subscribers by sector 2011-2020
Table 32 Dominica - Change in penetration of services by sector 2011-2020
Table 33 Dominica - Active mobile broadband subscribers 2014-2020
Table 34 Country data Grenada 2021 (e)
Table 35 Grenada - Change in the number of subscribers by sector 2011-2020
Table 36 Grenada - Change in penetration of services by sector 2011-2020
Table 37 Grenada - Change in the number of fixed broadband subscribers 2011-2020
Table 38 Grenada - Active mobile broadband subscribers 2013-2020
Table 39 Country data St Kitts and Nevis 2021 (e)
Table 40 St Kitts and Nevis - Change in subscriber numbers by sector 2011-2020
Table 41 St Kitts and Nevis - Change in penetration of services by sector 2011-2020
Table 42 St Kitts and Nevis - mobile subscribers 2011-2020
Table 43 St Kitts and Nevis active mobile broadband subscribers 2013-2020
Table 44 Country data St Lucia 2021 (e)
Table 45 St Lucia - Change in subscriber numbers by sector 2011-2020
Table 46 St Lucia - Change in penetration of services by sector 2011-2020
Table 47 St Lucia active mobile broadband subscribers 2013-2020
Table 48 Country data St Vincent and the Grenadines 2021 (e)
Table 49 St Vincent and the Grenadines - Change in subscribers by sector 2011-2020
Table 50 St Vincent and the Grenadines - Change in service penetration 2011-2020
Table 51 St Vincent and the Grenadines active mobile broadband subscribers 2014-2020
Table 52 Country data Trinidad & Tobago 2021 (e)
Table 53 Trinidad & Tobago telecom subscribers by service 2009-2020
Table 54 Trinidad & Tobago penetration by service 2009-2020
Table 55 Trinidad & Tobago telecom revenue by service (TTD million) 2011-2020
Table 56 Trinidad & Tobago ARPU by service (TTD) 2009-2020
Table 57 Trinidad & Tobago active mobile broadband subscribers and penetration 2009-2020
Table 58 Historic - CWC financial data (Caribbean) ($ million) 2010-2017
Table 59 Historic - CWC revenue by sector ($ million) 2010-2017
Table 60 Historic - Digicel revenue by operating segment ($ million) 2013-2015
Table 61 Historic - Digicel financial statistics ($ million) 2010-2015
Table 62 Historic - Digicel revenue by geographic sector ($ million) 2014-2015
Table 63 Historic - Anguilla communications sector revenue 2008-2013
Table 64 Historic - Anguilla subscribers by service 2005-2015
Table 65 Historic - Antigua and Barbuda fixed-line broadband subscribers 2005-2010
Table 66 Historic - Antigua and Barbuda fixed-telephony lines in service 2005-2010
Table 67 Historic - Antigua and Barbuda mobile subscribers and penetration 2000-2010
Table 68 Historic - Aruba fixed-line telephony subscribers and penetration 2001-2015
Table 69 Historic - Aruba fixed-line broadband subscribers 2003-2015
Table 70 Historic - Aruba mobile subscribers and penetration 2000-2015
Table 71 Historic - Bahamas fixed lines in services and penetration 2000-2010
Table 72 Historic - Bahamas fixed-line broadband subscribers and penetration 2001-2010
Table 73 Historic - Bahamas mobile subscribers and penetration 2000-2010
Table 74 Historic - Barbados fixed telephony subscriptions and penetration 2005-2010
Table 75 Historic - Barbados mobile subscribers and penetration 2000-2010
Table 76 Historic - Barbados fixed-line broadband subscribers and penetration 2005-2010
Table 77 Historic - Bermuda mobile subscribers and penetration 2000-2010
Table 78 Historic - Bermuda fixed lines in services 2003-2010
Table 79 Historic - Bermuda active mobile subscribers and penetration 2014-2017
Table 80 Historic - Bermuda fixed-line broadband subscribers 2005-2010
Table 81 Historic - BVI fixed telephony subscriptions and penetration 2005-2010
Table 82 Historic - BVI revenue from telecoms and ICT services ($ million) 2009-2014
Table 83 Historic - BVI mobile subscribers and penetration 2007-2010
Table 84 Historic - Cayman Island subscribers by service 2005-2010
Table 85 Historic - Cayman Island penetration by service 2005-2010
Table 86 Historic - Dominica communications sector revenue 2008-2013
Table 87 Historic - Dominica fixed broadband subscribers 2003-2010
Table 88 Historic - Dominica fixed lines in service 2000-2020
Table 89 Historic - Dominica mobile subscribers 2000-2010
Table 90 Historic - Grenada communications sector revenue 2008-2013
Table 91 Historic - Grenada fixed broadband subscribers 2005-2010
Table 92 Historic - Grenada fixed lines in service 2000-2010
Table 93 Historic - Grenada mobile subscribers 2000-2010
Table 94 Historic - Montserrat communications sector revenue 2008-2013
Table 95 Historic - Netherlands Antilles fixed lines in service 2000-2014
Table 96 Historic St Kitts and Nevis communications sector revenue 2008-2013
Table 97 Historic - St Kitts and Nevis fixed broadband subscribers 2002-2010
Table 98 Historic - St Kitts and Nevis mobile subscribers 2000-2010
Table 99 Historic - St Kitts and Nevis fixed-lines in service and penetration 2000-2010
Table 100 Historic - St Lucia communications sector revenue 2008-2013
Table 101 Historic - St Lucia fixed broadband subscribers 2003-2010
Table 102 Historic - St Lucia fixed telephony subscribers 2006-2010
Table 103 Historic - St Lucia mobile subscribers 2000-2010
Table 104 Historic - St Vincent and the Grenadines communications sector revenue 2008-2013
Table 105 Historic - St Vincent and the Grenadines fixed telephony subscribers 2003-2010
Table 106 Historic - St Vincent and the Grenadines fixed broadband subscribers 2003-2010
Table 107 Historic - St Vincent and the Grenadines mobile subscribers 2000-2010
Table 108 Historic - Bahamas - Change in telecom sector revenue 2003-2010
Table 109 Historic - Cayman Island telecom and broadcasting revenue 2004-2010
List of Charts
Chart 1 Caribbean Telecoms Maturity Index by country
Chart 2 Caribbean Telecoms Maturity Index vs GDP per Capita
Chart 3 Caribbean mobile subscriber penetration versus mobile broadband penetration
Chart 4 Caribbean fixed broadband penetration versus mobile broadband penetration
Chart 5 Change in CWC's residential revenue by type 2017-2021
Chart 6 Growth in the number of CWC's fixed-line RGUs by sector 2009-2021
Chart 7 Growth in the number of CWC's mobile subscribers 2009-2021
Chart 8 Antigua and Barbuda subscribers by sector 2010-2020
Chart 9 Antigua and Barbuda penetration by sector 2010-2020
Chart 10 Antigua and Barbuda active mobile broadband subscribers 2012-2020
Chart 11 Bahamas - Change in telecom sector revenue 2011-2020
Chart 12 Bahamas - Decline in fixed lines in service and penetration 2011-2020
Chart 13 Bahamas - Mobile subscribers and penetration 2011-2020
Chart 14 Bahamas - Mobile broadband subscribers and penetration 2012-2020
Chart 15 Bahamas - Fixed-line broadband subscribers and penetration 2011-2020
Chart 16 Barbados - Fixed telephony subscriptions and penetration 2011-2020
Chart 17 Barbados - Mobile subscribers and penetration 2011-2020
Chart 18 Barbados - Mobile broadband subscribers and penetration 2012-2020
Chart 19 Barbados - Fixed-line broadband subscribers and penetration 2011-2020
Chart 20 Bermuda - One Communications financial data 2016-2020
Chart 21 Bermuda - Change in the number of subscribers by sector 2011-2020
Chart 22 Bermuda - Change in penetration of services by sector 2011-2020
Chart 23 BVI - Change in the number of subscribers by sector 2010-2020
Chart 24 BVI - Change in penetration of services by sector 2010-2020
Chart 25 BVI - Active mobile broadband subscribers and penetration 2013-2020
Chart 26 Cayman Islands - Change in the number of subscribers 2011-2020
Chart 27 Cayman Islands - Change in penetration by service 2011-2020
Chart 28 Cayman Island telecom and broadcasting revenue 2011-2019
Chart 29 Dominica - Change in the number of subscribers by sector 2011-2020
Chart 30 Dominica - Change in penetration of services by sector 2011-2020
Chart 31 Dominica - Active mobile broadband subscribers 2014-2020
Chart 32 Grenada - Change in the number of subscribers by sector 2011-2020
Chart 33 Grenada - Change in penetration of services by sector 2011-2020
Chart 34 Grenada - Change in the number of fixed broadband subscribers 2011-2020
Chart 35 Grenada - Active mobile broadband subscribers 2013-2020
Chart 36 St Kitts and Nevis - Change in subscriber numbers by sector 2011-2020
Chart 37 St Kitts and Nevis - Change in penetration of services by sector 2011-2020
Chart 38 St Kitts and Nevis - mobile subscribers 2011-2020
Chart 39 St Kitts and Nevis active mobile broadband subscribers 2013-2020
Chart 40 St Lucia - Change in subscriber numbers by sector 2011-2020
Chart 41 St Lucia - Change in penetration of services by sector 2011-2020
Chart 42 St Lucia active mobile broadband subscribers 2013-2020
Chart 43 St Vincent and the Grenadines - Change in subscribers by sector 2011-2020
Chart 44 St Vincent and the Grenadines - Change in service penetration 2011-2020
Chart 45 St Vincent and the Grenadines active mobile broadband subscribers 2014-2020
Chart 46 Trinidad & Tobago telecom subscribers by service 2009-2020
Chart 47 Trinidad & Tobago telecom penetration by service 2009-2020
Chart 48 Trinidad & Tobago telecom revenue by service 2011-2020
Chart 49 Trinidad & Tobago ARPU by service (TT$) 2009-2020
Chart 50 Trinidad & Tobago active mobile broadband subscribers and penetration 2009-2020
List of Exhibits
Exhibit 1 Caribbean - Key Characteristics of Telecoms Markets by Select Country
Exhibit 2 Major island reports of the Caribbean
Exhibit 3 Telecom privatisation and liberalisation in the Caribbean
Exhibit 4 Digicel's Caribbean operations
Exhibit 5 Major submarine cable networks serving the Caribbean region