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Flow to continue investing in Jamaica

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Flow to continue investing in Jamaica on Tue Jul 27, 2010 10:50 pm

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Written by jamaicaobserver.com
Broadband communications provider Flow will continue to invest millions of US dollars every year in Jamaica over the next few years and regards the country as a long-term investment with healthy returns confidently manifesting themselves in around 20 years' time.

Speaking at a media breakfast held at its New Kingston corporate headquarters last Thursday, Flow's Chief Operating Officer Michelle English said: "The business that we are in is a hugely capital-intensive exersise. To date we have spent US$250 million and we anticipate another US$50 million every year for the next four years. We expect to see some return in the very long term somewhere in a 15 to 20-year period. We are currently at a point where we can support our internal operations, though we are continuing to spend capital on building out our infrastructure. If there is any cash left over it goes into our capital build, but that is primarily still funded through our successful bond offering that took place last year."

Flow entered the Jamaican market four years ago and has implemented a triple play of services -- digital cableTV, digital landline and Internet which has won for them many customers. Flow is proving that it can meet the growing demands for broadband solutions at reasonable prices. It has also introduced cable TV packages which allow customers to pick what channels they want to watch and so provide a service to cater for any income demographic.

Flow used the media breakfast briefing to announce that it had established an e-commerce data park in Curacao for offshore data storage and protection. The e- commerce park is a 24-hour network operation centre with specialised services for asset protection, data residency and privacy...

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