Digicel Suriname restructures debt

Digicel Suriname files for bankruptcy, restructures debt

Suriname is the smallest nation on the South American continent, with about 580,000 inhabitants. The only Dutch-speaking nation in South America, it has close affinities with the Caribbean, and is a member of the Caribbean Community and Common Market (CARICOM).

The state-owned incumbent telco, Telesur, is the only provider of fixed-line and fixed broadband services in Suriname. The country’s fixed-line infrastructure is reasonably reliable in the more populated coastal region, though poor in the interior. Telesur started building out a fibre network in Paramaribo in 2013, and in June 2018, the company started with the rollout of the National Broadband Project (TNBP), which was completed in 2019.

Fixed teledensity and broadband penetration are slightly lower than average for Latin America and the Caribbean, while mobile penetration is significantly above the regional average and much higher than would be expected given the country’s relatively low GDP per capita.

Many Surinamese have up to three mobile lines with different providers, which has pushed up penetration figures although the number of subscribers has fallen in recent years as consumers have responded to economic pressures.

The mobile market supports only two players: Telesur (trading as TeleG), and Digicel (part of Digicel Group, a significant operator across the Caribbean and Pacific regions). In early 2015 Digicel acquired the only other operator, Uniqa, which only had about 5,000 subscribers. In January 2017 Digicel signed a deal to host the MVNO Transatel, which operates in a number of markets across the Caribbean and Latin America.

Key developments:

  • Digicel restructures debt;
  • Telesur’s National Broadband Project completed;
  • Telesur launches its 5G network in Paramaribo, markets triple-play offering and high-volume mobile data packages;
  • Suriname ranked 81st internationally for mobile network speeds and 158th for fixed broadband speeds;
  • Significant recent gold and offshore oil discoveries to boost economic growth;
  • Report update includes recent market developments, Telecom Maturity Index charts and analyses, ITU and regulator data to 2019.

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Developing Telecoms market report summaries are produced in partnership with BuddeCom, the world’s largest continually updated online telecommunications research service.

The above article is a summary of the following BuddeCom report:

Report title: Suriname - Telecoms, Mobile and Broadband - Statistics and Analyses

Edition: March 2021

Analyst: Henry Lancaster

Number of pages: 82

Single User PDF Licence Price: US$750

For more information or to purchase a copy of the full report please use the following link: https://www.budde.com.au/Research/Suriname-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?r=83