Sec­ond quar­ter fi­nan­cial re­sults for Ca­ble & Wire­less Com­mu­ni­ca­tions Lim­it­ed (CWC) show sub­scriber growth in its video, in­ter­net and tele­pho­ny prod­uct cat­e­gories across the Caribbean and Latin Amer­i­ca.

This in­cludes T&T where the telecom­mu­ni­ca­tions gi­ant said it de­liv­ered 3,000 or­gan­ic rev­enue gen­er­at­ing unit (RGU) ad­di­tions "de­spite a tough macro­eco­nom­ic en­vi­ron­ment and in­creased com­pe­ti­tion." CWC, which was ac­quired by a sub­sidiary of Lib­er­ty Glob­al plc on May 16, said over­all it de­liv­ered 9,000 or­gan­ic RGU ad­di­tions in the 2016/17 sec­ond quar­ter.

How­ev­er, mo­bile rev­enue was two per cent low­er than the pri­or year due pri­mar­i­ly to a de­crease in the Ba­hamas. The com­pa­ny record­ed sub­scriber growth of 7,000 or­gan­ic sub­scribers on the back of 5,000 RGU ad­di­tions in Ja­maica and 2,000 RGU ad­di­tions in T&T. "On the video front, we added 1,000 RGUs in the quar­ter, pri­mar­i­ly dri­ven by our DTH busi­ness in Pana­ma.

The in­creased RGUs from our DTH busi­ness were large­ly off­set by de­clines in video RGUs in Bar­ba­dos and Trinidad and To­ba­go as a re­sult of in­creased com­pe­ti­tion," CWC said. The re­port con­tin­ued: "Dur­ing the quar­ter, our re­gion­al sports of­fer­ing, led by Flow Sports and Flow Sports Pre­mier, per­formed strong­ly, help­ing to es­tab­lish Flow as a lead­ing sports broad­cast­er in the Caribbean.

"Our of­fi­cial Olympic Games ap­pli­ca­tion was down­loaded ap­prox­i­mate­ly 60,000 times dur­ing the event with over 73,000 hours of live con­tent streamed. Flow Sports Pre­mier, fol­low­ing its launch in Ju­ly, al­so be­gan pro­vid­ing un­ri­valed cov­er­age of the Pre­mier League in the re­gion be­gin­ning in Au­gust 2016." Oth­er high­lights of CWC's fi­nan­cial per­for­mance in the quar­ter in­clud­ed:

�2 Year to date rev­enue of UD$1,141 mil­lion, 2 per cent low­er year on year, on a re­based ba­sis

�2 10 per cent re­based top-line growth in Ja­maica more than off­set by de­clines in oth­er ma­jor ge­o­gra­phies pri­mar­i­ly due to com­pet­i­tive and macro­eco­nom­ic fac­tors and low­er man­aged ser­vices rev­enue

�2 Net loss­es of $18 mil­lion and $124 mil­lion in Q2 2016/17 and year to date, re­spec­tive­ly.