Cable Bahamas to invest USD 80 mln in FTTH rollout

News Broadband Bahamas 25 NOV 2021
Cable Bahamas to invest USD 80 mln in FTTH rollout

Cable Bahamas (CBL) has announced plans to invest USD 80 million over the next two to three years to replace its HFC network with FTTH, reports local news site Tribune 242, citing company CEO Franklyn Butler. The rollout will cover all premises located on the country’s most populous island of New Providence and will be contracted to NewCo Fibre, said Butler, adding that Abaco islands will also be receiving FTTH, while Eleuthera and Grand Bahama are not the priority at this stage.

CBL had 56,000 broadband subscribers at the end of its fiscal year (June 2021). It reported a net loss of USD 28 million due entirely to the results of its mobile unit Aliv, which suffered a net loss of over USD 40 million even though revenues rose 8.5 percent year on year to USD 85.3 million.


Categories:

Fixed

Companies:

Cable Bahamas,  Aliv

Countries:

Bahamas

Tags:

Production planning & operations, Launch, Fibre, Internet Access, Consumer, Enterprise

Related Articles

BAHAMAS 20 APR 2022

Nokia lands Cable Bahamas XGS-PON upgrade deal

The Cable Bahamas group has signed a contract with Nokia to upgrade its fibre-to-the-home (FTTH) network with the latest XGS-PON equipment, reports the Nassau Guardian, citing Cable Bahamas CTO Stephen Curran. The aim is to install the technology in 99 percent of the homes in New Providence by 2026, with Nokia acting as sole FTTH equipment vendor and also providing its software to automate the design and deployment process.

BAHAMAS 8 DEC 2021

Cable Bahamas picks Wisi America for ABR multiscreen service

Video delivery specialist Wisi America announced a contract to provide its new on-premise Adaptive Bitrate (ABR) video service to Cable Bahamas (CBL). The multiscreen offering will enable Cable Bahamas to triple its Docsis speeds, increase video quality and reduce operating expenses across the board, said Wisi.

BAHAMAS 24 SEP 2021

Lynk signs contracts with Aliv in Bahamas, Telecel Centrafrique

Lynk has announced its first commercial agreements with two mobile network operators, Aliv in the Bahamas and Telecel Centrafrique in the Central African Republic. Lynk said that its satellites will enable Aliv and Telecel subscribers to stay connected anywhere on the planet using a standard, unmodified mobile phone. The two operators have acquired first-to-market rights to implement Lynk's service in their respective countries.

BAHAMAS 7 JAN 2021

Bahamas mulling launch of third mobile operator

The Utilities Regulation and Competition Authority (URCA) of the Bahamas is paving the way for a possible third mobile operator in the country to compete with BTC and Aliv, according to a document released by the regulator. The 'Draft Annual Plan 2021' indicates that the government has entrusted URCA with carrying out a feasibility and market analysis by the end of the second quarter of the year to support any recommendations made.

BAHAMAS 19 NOV 2019

Bahamas operator Aliv hits 170,000 customers on third anniversary

Bahamas mobile operator Aliv has reached a customer base of over 170,000 around 3 years after launching, reports local news site Tribune 242, citing company CEO Damian Blackburn. The chief executive said the operator is continuing to invest "north of USD 10 million" annually in network and store improvements, excluding the extra USD 6 million spend for Hurricane Dorian restoration and is targeting an EBITDA of around USD 2 million for its current quarter, notwithstanding the storm's impact.

UNITED STATES 22 AUG 2019

Cable Bahamas sells Summit Broadband to Grain Management for USD 332 mln

Cable Bahamas Limited (CBL) has reached an agreement to sell its majority interest in Florida-based ISP Summit Vista (Summit Broadband) to US private equity firm Grain Management. The sale is subject to customary closing conditions and is expected to close in the fourth quarter of 2019, said Grain Management in a statement. Summit Broadband owns and operates fibre-optic networks covering more than 1,800 fibre route miles across central and south-west Florida. It was acquired by CBL back in 2013.

BAHAMAS 12 JAN 2018

Bahamas government to sell 52% Aliv stake sale by April

The government of the Bahamas is looking to finalise the sale of its 51.75 percent stake in mobile operator Aliv by April, reports local news site Tribune 242, citing government adviser Gowon Bowe. The government has now "agreed in principle" to sell its stake in the joint venture launched with Cable Bahamas Limited (CBL) at the end of 2016 when BTC's 16-year monopoly on mobile communications in the Bahamas came to an end. The report added that the government hopes to raise around USD 70 million from the sa

BAHAMAS 13 SEP 2017

Cable Bahamas to debut new ActiveVideo, Zodiac Interactive TV platform

ActiveVideo and Zodiac Interactive have announced plans to combine their CloudTV and PowerUp platforms to enable pay-TV operators to provide next-generation user experiences and new premium services on any installed set-top box. The integrated solution combines the cloud virtualisation capabilities of the ActiveVideo CloudTV platform with Zodiac's PowerUp Stack software and PowerUp AMS cloud platform. The result is rapid time-to-market for new features that can attract and retain subscribers and generate ad

BAHAMAS 1 MRT 2017

CBL posts record USD 180 mln sales in 2016, EBITDA down 16%

Cable Bahamas (CBL) reported revenues of USD 180.6 million in 2016, up 9 percent compared to 2015 and a record annual figure in the company's 22-year history. Describing 2016 as "tumultuous", CBL said the results were achieved in spite of the severe impact of Hurricane Matthew on the Bahamas, with the resulting repairs leading to a 12.5 percent rise in annual net losses to USD 16.7 million, while EBITDA declined by 15.7 percent to USD 43.6 million. CBL added that it also won the Bahamas' second mobile licen

Just In

14:14

Mitsubishi Electric completes Nozomi Networks takeover

14:08

Econet InfraCo appoints architects to develop industrial park in Harare

14:02

Play Media gets EUR 45 mln capital injection from Telenet

14:01

EE opens new Experience store in Lakeside Shopping Centre

Commentary

2 JAN 13:21

Open Dutch Fiber's new management team takes up turnaround challenge

15 DEC 2025 13:56

Video market set for slower growth ahead

8 DEC 2025 11:38

Netflix buys Warner Bros to deepen content catalogue

31 OKT 2025 11:11

KPN's mixed performance in Q3 raises questions for strategy day

Background

26 JAN 00:31

The week in telecoms: Netflix and Ericsson all about cash, EU sketches out rip-and-replace and copper transition plans

22 JAN 14:28

Netflix can spend more on content and still improve its margin

19 JAN 00:42

The week in telecom: Apple holds on to smartphone crown, Ericsson slims down and CommScope changes name

16 JAN 09:51

Belgian mobile market under pressure from Digi, broadband impact still to come

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.