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Digicel's earnings climb by 32%

Mobile sector - Digicel subscriber numbers up 7%
Mobile sector - Digicel subscriber numbers up 7%

Denis O'Brien's mobile phone group Digicel has reported strong growth in revenue and profits for the three months to the end of December.

Revenues were $580m, up 32% compared with the same period a year earlier. EBITDA (earnings before interest, taxes, depreciation and amortisation) was also up 32% to a record $240m.

Subscriber numbers grew by 7% to 11.5 million. Digitel operates in 30 markets in the Caribbean, El Salvador and the Pacific. Digicel also said revenue from data had doubled compared with the same period in 2009.