Flow mobile postpaid customers will be paying more for services come July 1.
“Flow wishes to advise that effective July 1, 2017, there will be a five per cent to the rates of some of our postpaid mobile plans,” the telecommunications company announced Thursday.
“These changes are as a result of our continued investment in our network to provide our customers with world class products and services,” it added in a brief statement released on its website.
The hike affects all consumer plans and bundles (voice and data), excluding the recently launched postpaid Combo plans.
Flow is expected to invest about $80 million in Barbados this year, as part of an overall $150 million investment announced last year.
So far $70 million has been invested in network upgrades, including its rollout of the 100 per cent fibre-to-the-home network and its upgrade of its 4G network.
In its last month’s preliminary financial results for the first quarter of this year, Liberty Global, the parent company for Flow (Barbados) Limited, reported that its overall list of subscribers – which impact on its ability to make money – was down for the January to March review period.
While majority of the loss of subscribers was mainly down to a falloff in landline business, the first quarter results showed that Cable and Wireless Communication’s revenue had taken a hit, recording a four per cent decline in earnings for the period under review, compared to the same period last year.