Cable Bahamas Ltd. is one of the most technologically advanced broadband providers today. The company has been providing cable TV services in the Bahamas since March 1995 and Internet services since March 2000.
On June 30, 1995, the company completed a $30 million public equity issue, resulting in an overwhelming response as 3,000 Bahamian shareholders purchased ownership in the company. At the end of 1996, as Cable Bahamas Ltd. completed its first full year of operations, revenue was $12 million, operating income was $4.6 million, net income was $2.5 million and the year-end subscriber count was 37,400.
By the end of 2000, the share price stood at $8.50 with a cumulative growth of over 750%, total subscribers were 51,609 and net income was $7.3 million. Two significant growth areas for the company are its high-speed Internet services and its wholly owned submarine 600 km fiber-optic cable system, which is operated by its subsidiary, Caribbean Crossings Ltd. Cable Bahamas is the leader in delivering the Bahamas' fastest and most reliable high-speed Internet service.
Late 2010, Cable Bahamas Ltd. announced plans to purchase System Resource Group (SRG) Limited to enable the company to introduce innovative services and lower prices for the consumer. This union allows the company to become the Bahamas’ first 100 percent Bahamian-owned public converged communications services provider offering voice, broadband data and video products.
In 2011, Cable Bahamas Ltd. was reborn! With a bold new look and an array of improved services and products, the company is unleashing technology in new and exciting ways. With the soon-to-be released cutting-edge home phone service. Cable Bahamas will become the first triple-play provider in the Bahamas, offering TV, Internet and Phone at a bundle price that customers can afford. Cable Bahamas Ltd. has positioned itself to adequately address current and future competition and is well-equipped to meet the challenges ahead.
About Systems Resource Group (SRG)
Systems Resource Group Limited (SRG) is a Bahamian company with a 20-year history in offering innovative technology and telecommunications solutions to businesses and residential consumers. SRG provides domestic and international voice telephone to the corporate and residential markets, Internet and data services, PBX telephone systems, network hardware and software, and a full suite of professional consulting services that tie solutions together and provide value add for the customer. The SRG team is made up of some of the most highly skilled professionals in the telecommunications business with a commitment to give customers service that is on par with the industry leaders worldwide. To find out more, visit SRG online at http://www.srg.com.bs
Cable Bahamas operates one of the most technologically advanced Cable TV systems in the world. Through our extensive use of fiber-optics, our system's flexibility and potential for growth is virtually unlimited. We are one of the few systems in North America that have a fully functional two-way Cable TV system, enabling interactive Cable TV and high-speed data services. Our use of addressable taps is unique and significantly reduces operating costs. Collectively, the company’s management team has over 100 years of international engineering, fiber optic and Cable Television technology expertise and financial experience. The company is solidly capitalized and has immediate access to significant sources of funding to support its growth potential.
With a strong foundation and a multifunctional high-bandwidth network, Cable Bahamas boasts unlimited potential for future development and expansion into new markets in the Bahamas, the Caribbean and Latin American regions. Like the phenomenal growth seen in share value, the initial investment in leading-edge technology on which the company's broadband network is built is expected to see exponential growth for many years to come.
Cable Bahamas' Future Is Built On Four Key Resources:
- A high-capacity, fiber-rich network throughout all the major population centres in the Bahamas.
- Full access to a world-class, state-of-the-art submarine fiber optic cable system that links the four major northern islands of the Bahamas (New Providence, Grand Bahama, Eleuthera and Abaco) to North America and is capable of carrying nearly any type of signal with almost inexhaustible capacity.
- A growing and developing Bahamian telecommunications market with tremendous local and international opportunities, in which the company is well-positioned to compete.
- A flexible, dynamic management team focused on the future communications and entertainment needs of both the Bahamian and international markets.