CBL hits highest revenues in 22-year history

Nina Laing Company News, Financial Releases, Press Releases Comments

The year 2016 was full of milestones for Cable Bahamas Ltd. (CBL). The fourth quarter and year end consolidated results show the Company's greatest ever revenues, topping $180M with an EBITDA of over $43M - and producing a healthy balance sheet. These results were achieved in a tumultuous year for the Company. CBL continued to grow its REV business in The Bahamas, cemented its foothold in Florida with Summit Broadband and, most significantly, won The Bahamas' second mobile licence and successfully launched ALIV mobile service a mere five months later.

Cable Bahamas updates on service restoration on Grand Bahama

Nina Laing Press Releases Comments

Cable Bahamas teams have been working around the clock to advance restoration efforts on Grand Bahama. This effort has proven to be more extensive and complex than initially anticipated, but the communications company confirmed today that technical teams continue to work relentlessly toward full restoration on the island.

Cable Bahamas continues massive national restoration effort in wake of Hurricane Matthew

revadmin Company News, Press Releases, Service Updates Comments

Sixty per cent of network restored nationally

Executives of Cable Bahamas Ltd (CBL) and NewCo meet with national leaders to discuss restoration efforts at NEMA Headquarters on New Providence, The Bahamas. L-R: John Gomez, COO, CBL; Damian Blackburn, CEO, NewCo; Anthony Butler, CEO, CBL; Prime Minister of The Bahamas, The Rt Hon Perry Christie; Shane Gibson, Minister of Labour and National Insurance, and newly appointed Coordinator for the Hurricane Matthew Relief and Recovery; Allison Maynard Bahamas Attorney General; and, Captain Stephen Russell, director, NEMA.

Executives of Cable Bahamas Ltd (CBL) and NewCo meet with national leaders to discuss restoration efforts at NEMA Headquarters on New Providence, The Bahamas. L-R: John Gomez, COO, CBL; Damian Blackburn, CEO, NewCo; Anthony Butler, CEO, CBL; Prime Minister of The Bahamas, The Rt Hon Perry Christie; Shane Gibson, Minister of Labour and National Insurance, and newly appointed Coordinator for the Hurricane Matthew Relief and Recovery; Allison Maynard Bahamas Attorney General; and, Captain Stephen Russell, director, NEMA.

NASSAU, THE BAHAMAS, October 16, 2016 — Cable Bahamas announced today that its restoration exercise remains at a steadfast pace, though a severe weather system hindered the company’s repair efforts Sunday. Despite extensive damage to a number of islands hit by category four Hurricane Matthew, 100 per cent of the company’s network is available on San Salvador, Exuma, Abaco, Bimini and Eleuthera, while over 70 per cent of its network is now available on New Providence. The company also announced eight percent restoration on Grand Bahama, primarily in the areas of East Sunrise Highway, Midshipman Road, Pink Pearl Drive, East Beach Drive, Dolphin and Drum Fish Street, Green Turtle Street, Lunar Boulevard and Knots Boulevard.

read more

NewCo meets first service milestone

Nina Laing Mobile and NewCo, Press Releases Comments

NewCo2015 Limited, The Bahamas' newest mobile network, today announced further details of progress in delivering its service promise.

Damian Blackburn, NewCo CEO said, "With great pride I can share with you that all of the 73 sites are now installed, active and carrying service. This week several calls have been placed, we have now issued phones and NewCo SIMs to staff members and they are actively using the service to call each other, send SMS and browse the Internet with impressive speeds."