Bermuda-domiciled Digicel Group Ltd boosted its revenue by 27 percent for the year ended March 31, 2011 as the company continued its rapid expansion across a number of key markets.The group, which also has operations in Bermuda, increased its subscription base by six percent to 11.5 million across all 32 markets, while revenues grew to $2.23 billion.The company posted EBITDA (earnings before interest, tax, depreciation and amortisation) of $954 million for the year, up from $753 million the previous year and representing a year-on-year rise of 27 percent.Digicel’s balance sheet and liquidity position has continued to improve with cash reserves of more than $600 million at the end of March. Meanwhile the group’s strong financial performance was endorsed by ratings agency, Fitch, which recently upgraded its debt as a result of its “continued strong operating performance”.Digicel also made significant progress in terms of data services with data revenues up 104 percent annually and continued strong growth of non-SMS data revenue. Overall, data now accounts for 15 percent of the group’s service revenues.Digicel Group CEO, Colm Delves, said: “It’s been another successful year for Digicel as we continue to grow our business, introduce innovative new technologies to our customers and deliver on our commitments to providing best value, best service and best network. We have successfully integrated our Caribbean and Pacific operations and expanded our capabilities in the business solutions area and have driven growth in our Caribbean and Pacific markets - especially in Haiti and Papua New GuineaHe continued: “This - in addition to the improving economic conditions across our markets - has resulted in robust performance and delivery on all of our targets once again. I would like to thank our valued customers, partners and staff for their ongoing loyalty to Digicel and assure them that our focus remains as always on delivering them the best of the best.”Among the group’s key achievements over the past year have been the launch of its 3G+ services in Bermuda and the French West Indies, the launch of 4G Broadband in Jamaica - taking broadband internet penetration from 17 percent to 20 percent in nine months, and its agreement to acquire America Movil’s Claro business in Jamaica and to sell its businesses in El Salvador and Honduras in exchange. The deal is currently undergoing regulatory and government approvals.Other milestones included the group’s acquisition of Netxar Technologies in Puerto Rico and Data Nets in Papua New Guinea and the subsequent launch of cloud services in Barbados, Cayman Islands, Jamaica and Trinidad & Tobago, winning at the World Communications Awards and the Global Telecoms Business Innovation Awards, a $1.2 million commitment to build a paediatric cardio unit at the Bustamante Children’s Hospital in Kingston, Jamaica, and its Foundations on track to have 70 new schools in place by the start of the school year in Haiti, with 186 projects completed in Jamaica and $2.5 million going towards a range of social initiatives in Papua New Guinea, including the establishment of 98 educational facilities.Digicel’s investment across its 32 markets worldwide totals $4.5 billion and the company employs more than 5,500 people worldwide.