Haiti has reportedly overtaken Jamaica as the biggest market for Digicel, the mobile phone provider.
A report in Thursday’s issue of the Irish Times newspaper said this is in terms of revenues and profitability.
It said the information is contained in the 300 page prospectus for Digicel's US$1billion bond offer.
The document showed that in the six months to the end of September 2012, Haiti generated operating profit of US$49.5 million dollars on revenues of US$277.5 million.
Digicel's operations in Jamaica generated an operating profit of US$45.2 million from revenues of US$243 million during the same period. Digicel had 4.2 million subscribers in Haiti at the end of December, twice the level in Jamaica.
Digicel's subscriber base grew 8.6 per cent to 10.2 million in the year to the end of December 2012.
Total revenues rose 4 per cent to US$549.9 million dollars in the October to December quarter.
However, its operating profit declined 8.3 per cent to US$136.5 million dollars.
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