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The Cable Bahamas Group Shares Positive Q2 Results

The Cable Bahamas Group of Companies, the only Bahamian owned “triple play” communications provider, announced consecutive quarterly growth following the release of its 2021 Second Quarter Report.

The communications provider comprised of multiple powerful media brands including, REV, ALIV, Cable Bahamas Business Solutions and OUR TV attributes its ability to thrive in an adverse economic environment to its display of agility in a new reality.

Mr. Franklyn Butler II Group CEO said, “The Cable Bahamas Group of Companies has managed to outperform targets in the face of unprecedented adversity. As a Group, we were able to deliver a plan that was aligned with our vision of what agility needs to be in this new reality. We are confident that this made all the difference in navigating the implications of the pandemic.”

Despite being faced with the extended impact of the pandemic in major sectors like hospitality and roaming revenues for its subsidiary ALIV, The Cable Bahamas Group managed to maintain a steady course and eke out revenue growth when compared to last year along with improving group EBITDA.

The first of several key accomplishments within the Q2 period was the completion of $70 Million financing for ALIV which materially secures the bond and preference shareholders for ALIV. Additionally, the group paid down all USD preference shares at $22 Million locally and $15 Million in Jamaica totaling $37 Million.

ALIV, CBL’s mobile provider continued to extend its EBITDA positive increases and is now making meaningful contributions to overall group EBITDA growth.

Butler continued, “Our ability to rapidly deploy resources where needed and maintain ongoing network performance for our customers has placed us in perfect position to take advantage of increased demands for mobile data and fixed bandwidth. We are going to maximize the learnings from the last year and look forward to continued growth during the remaining quarters of this fiscal year.”

The board of Cable Bahamas also approved a voluntary common share buy-back program at its recent board meeting on February 10th 2021.

For further details on the company’s Q2 financials or additional shareholder reports interested persons can visit

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