Bermuda Digital Communications ? the parent company of mobile telephone service provider CellularOne ? saw its profits jump 25 percent to $5.86 million in 2004.

The results ? with privately held BDC not issuing its own financial earnings report ? were revealed in the earnings report of part shareholder Atlantic Tele-Network.

ATN, which has a 44 percent stake in BDC, reported that its full year earnings for 2003 had decreased by one percent to $12.1 million for the year.

BDC recorded a profit of $1.26 million for the three months to December 31, an increase of 45 percent from the $868,000 recorded in the same period in 2003.

For the full year, BDC earned $5.86 million compared to $4.5 million in 2003.

ATN said BDC?s increased earnings reflected increased airtime, long distance and roaming revenues.

?The increase in airtime and long distance revenue partly stems from a 14 percent increase in cellular subscribers, as well as increased average revenue per subscriber (ARPU),? the company said in a statement.

?Between the end of 2003 and early 2004, BDC entered into roaming agreements with the two largest US CDMA carriers. These arrangements drove the increase in long distance and roaming revenues, from both BDC?s subscribers travelling abroad and visitors to Bermuda.

?BDC ended the year with over 20,000 subscribers, as compared to approximately 17,800 subscribers at the end of 2003.?

ATN is a telecommunications company headquartered in the US Virgin Islands.

Its principal subsidiary is Guyana Telephone and Telegraph Company, in which it has an 80 percent stake.

n addition to its 44 percent stake in BDC, it also is a shareholder in a number of Caribbean ventures including a wireless TV provider and a Web-enabled outsourcing call centre.

ATN previously tried to gain total ownership of BDC but the move was halted by the Bermuda Monetary Authority.