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.
Bahamian food, dance, music and art took centre stage on Saturday when the Tru-Tru Bahamian Festival descended on the Buena Vista Estate in Downtown Nassau. Hosted by the Bahamas Hotel & Tourism Association (BHTA) and the Ministry of Tourism, the cultural festival showed attendees what being a “tru tru” Bahamian really means.
The Cable Bahamas Ltd. (CBL) consolidated group has had an incredible business journey these past three months. With Aliv (CBL's mobile company) now in place and operational, this is the first quarter in which CBL can produce a fully consolidated report for the Group's business.
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.
Hurricane Matthew may have hampered Bahamian Chef Sheldon Sweeting's preparation for the 2016 Culinary Olympics in Erfurt, Germany, but the challenges brought on by the category four hurricane were not enough to stop the top chef from receiving silver and bronze honours at the epic culinary showdown.
Cable Bahamas teams have been working at a fever pitch to restore services to customers affected by Hurricane Matthew, and announced today that full network restoration has been achieved for those on New Providence.
In a move to help Grand Bahamians who have suffered so much devastation in the aftermath of Hurricane Matthew get connected to family, friends and loved ones, Cable Bahamas has activated a free WiFi hotspot at its main office on East Atlantic Drive in Freeport.
Sixty per cent of network restored nationally
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.
As Hurricane Matthew left flooding and damage in its wake throughout The Bahamas, Cable Bahamas crews and response teams are being activated to deal with the aftermath.
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."