Cable Bahamas Ltd.

Cable Bahamas Ltd. is one of the most technologically advanced broadband providers today. The company has been providing cable TV services in the Bahamas since March 1995 and Internet services since March 2000. 

On June 30, 1995, the company completed a $30 million public equity issue, resulting in an overwhelming response as 3,000 Bahamian shareholders purchased ownership in the company. At the end of 1996, as Cable Bahamas Ltd. completed its first full year of operations, revenue was $12 million, operating income was $4.6 million, net income was $2.5 million and the year-end subscriber count was 37,400.

By the end of 2000, the share price stood at $8.50 with a cumulative growth of over 750%, total subscribers were 51,609 and net income was $7.3 million. Two significant growth areas for the company are its high-speed Internet services and its wholly owned submarine 600 km fiber-optic cable system, which is operated by its subsidiary, Caribbean Crossings Ltd. Cable Bahamas is the leader in delivering the Bahamas' fastest and most reliable high-speed Internet service.