Telecommunications company Columbus Barbados has reaffirmed its confidence in the Barbados market as it marked its first year of operation here with industry players at the Concord Experience last night.
And the company has promised to continue to aggressively roll out new and enhanced products and services as it moves to capture a giant share
of the market.
After getting approval to operate in Barbados the company announced that it would be investing approximately US$60 million. However, managing director Niall Sheehy said the company would more than double that to $140 million.
So far the company, which operates as Flow, is boasting of capturing about half the market for its range of products.
Sheehy said “everything the company set out to do” within the year was achieved. In fact, he said the response exceeded the company’s expectations.
“We celebrated our 10,000th broadband customer earlier this year,” announced Sheehy.
He said the company was aiming to have service in approximately 30 per cent of households last year. However, by December 2013 Flow completed installation and provided service to half the island.
“So we are significantly ahead of what we set out to achieve,” he said.
“Today, inside almost 60,000 homes, service is available in Barbados and by the end of this year we are hoping that that number will be closer to 90 per cent of the island in terms of access to our service. And I can announce that we are well ahead of schedule,” added Sheehy.
He described the past year for the company as a remarkable but a “pretty hectic” one.
In October 2012 the company acquired TeleBarbados and Karib Cable in March 2013. Columbus Barbados currently employs 225 full time workers and 50 contract workers. The company is expected to hire an additional 50 people by the end of this year when it completes renovation on its building in Warrens.
“In Barbados alone Columbus is going to be investing in excess of $140 million in rolling out a cutting edge network that rivals anything else in the world. A huge chunk of that investment to date has been spent on building out the network but also a significant portion on our new home, which some of you would have known as the Orange Mall but may have a different name later this year,” he said, adding that the company was expected to move in by year end.