Cable Channel Frequencies

LIME charts a future of new products, cable TV service

Steven Jackson, Business Reporter

T elecom provider LIME's young executives promised heckling geriatric shareholders new products, including cable TV service, by December but remained silent on profits and dividends at its annual general meeting on Wednesday.

"We are working hard ... and trying our very best to do that (attain a profit). It doesn't guarantee we will be successful, but you have the undertaking at this table, entire management and staff," said LIME Jamaica chairman Chris Dehring to a shareholder's query on when the company would return to profitability. Dehring is also the chief marketing officer for LIME Caribbean.

Investors are jaded by LIME Jamaica's four years of losses which have accumulated to J$13.4 billion, three years of no dividends, and an 80 per cent reduction in the stock price over five years. Roughly 200 of LIME's 25,000 total investors were present at the AGM held at the Wyndham Kingston hotel in New Kingston.

"We will turn this company around and we will rebuild that foundation in order to invent our future," said Dehring on behalf of the roughly 140-year-old company.

A choir of shareholders, most of who are graying, dismissed Dehring's comment, saying: "We have heard that before".

LIME, a former monopoly, has been hurt by the introduction of competition since 2000, led by Digicel.

Last year, LIME invested US$100 million to upgrade its existing second-generation or 2G networks to 3G. Customers in Kingston, St Catherine, St James and the north coast now have access to the high 3G mobile data speeds.

It made a net loss of J$6.1 million that year ending March 2011, doubling of J$3.4 billion recorded in 2009-10 when LIME's bottom line benefitted from J$2.2b of tax credits.

It paid taxes of J$1.6 billion last year.

The stock has traded within a band of 13 to 40 cents over the past year.

The new 3G service was twinned with a focused marketing campaign in Portmore, St Catherine, said Dehring.

LIME opened its 100th retail store in Portmore on July 2.

"We invaded Portmore with focused attack," he said in his address. "I believe they are going to rename Portmore Lime City."

Later, a sardonic shareholder with 1970s sideburns and matching tie responded: "What were you saying about Lime turning Portmore into a failure?"

Other concerns by investors related to the frequency of changing executives and customer service.

Provisional Measures for the Administration of Radio and ...

Topics Content ,  Networks 

Regions National 

AgenciesStateAdministrations / Commissions / Bureaus ,  – Radio, Film and TV (SARFT) 

Published Date2003-11-30

Effective Date2003-11-30

Submit Date2005-06-11

Chapter 1. General Provisions

Article 1. These Provisions are formulated in accordance with the Regulation on the Administration of Radio and Television for the purpose of promoting and regulating the healthy development of radio and television cable digital pay channel services and for the lawful rights and interests of commercial entities and users of radio and television cable pay channel services..

Article 2. The Provisions shall apply to the establishment, broadcasting, integration, transmission, accessing, service, and supervising activities of radio and television cable digital pay channel services  (frequency) (hereafter referred to as “pay channels”) within the People’s Republic of China .

Article 3. The pay channels in the present Provisions shall refer to the professional radio and television channels broadcast and transmitted through cable digital methods and for which listening and watching are paid for separately..

The commercial institutions for integrating pay channels shall refer to the approved institutions engaging in the integration, broadcasting, and agency sales of the pay channels.

The transmission commercial institutions for pay channels  shall refer to the institutions using national and provincial cable trunk networks to engage in pay channel  transmission.

The commercial institutions for consumers’ access of pay channels  shall refer to  the institutions using radio and television distribution networks to engage in providing consumer access services for pay channels.

Article 4.China’s State Administration of Radio, Film, and Television shall take charge of the overall planning for the national pay channels, ensuring the total number, making the overall arrangement and construction of the pay channels, and being responsible for the supervision and management of the national pay channels. The local administrative departments of radio and television shall take charge of the supervision and management of the pay channels within their jurisdiction. 

Article 5. The commercial activities of the pay channels shall be in accordance with the Constitution and the relevant laws and regulations to uphold the correct guidance of  public opinion to promote and develop an advanced culture and to resist development of a decadent culture; to provide services with healthy content at  reasonable prices compatible with national standards and industrial standards and norms.

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