SOURCE: Digicel

January 15, 2008 08:30 ET

Digicel Exceeds Six Million Customer Milestone in 2007

Caribbean's Largest Mobile Telecom Provider Gained Significant Ground in 2007; New Licenses and Operations Extend Reach of Pan-Caribbean Wireless Network

KINGSTON, JAMAICA--(Marketwire - January 15, 2008) - Digicel, the fastest-growing telecommunications operator in the Caribbean and new entrant to the Central American market, today announced significant year-end growth achievements in 2007. As the largest GSM operator in the region, Digicel ended the year with more than six million customers, a total investment exceeding US $1.9 billion across the region and new business operations in Suriname, Guyana and El Salvador.

"Digicel's progress in 2007 reinforced our position as the Caribbean's leading mobile service provider and demonstrated delivery of sustained growth in our current markets, strategically expanding operations in new markets and providing exciting, first-to-market technology innovations to all of our customers," said Colm Delves, Digicel Group CEO.

Digicel achieved a number of key milestones in 2007. These include:

--  Celebrating One-Year Anniversary of Digicel Haiti: Digicel celebrated
    its first year of operations in Haiti -- gaining more than 1.8 million
    Haitian subscribers -- and played a pivotal role in the increase of mobile
    penetration rates within this market. When Digicel Haiti launched in May
    2006, fixed and mobile penetrations rates were five percent. In 2007,
    mobile penetration increased to 35 percent.
    
--  Winning Mobile Licenses in New Markets: In December 2007, Digicel was
    granted a mobile license to operate a GSM network in the British Virgin
    Islands (BVI). The British Virgin Islands will become Digicel's 24th market
    and the company has earmarked US $15 million as its initial investment to
    build a state-of-the-art network. With a thriving financial services and
    tourism industry, the British Virgin Islands has one of the most prosperous
    economies in the Caribbean. In addition, Digicel Central America Holdings
    Limited, through its wholly owned subsidiary, Digicel Honduras S.A. de
    C.V., won a competitive bid for a license to operate a GSM mobile network
    in Honduras.
    

Significant investment in Honduras is planned to build a world-class network and operation that is set to stimulate growth in the mobile market by increasing mobile penetration within the next five years from approximately 38% to 75%. Honduras has a total population of close to 7.5 million.

--  Expanding the Product Portfolio: Exclusive to Digicel and called
    "Coral," the company introduced a sleek, new line of mobile handsets
    accessible to consumers across almost all Digicel markets. The Coral phones
    reinforced Digicel's continued efforts to increase mobile penetration in
    key markets. Manufactured for Digicel by Vodafone in collaboration with
    ZTE, the Coral handsets are among the least expensive on the market.
    Digicel also expanded its products portfolio with new BlackBerry Curve
    devices and a new "Digicel Vehicle Tracking" system, a GPS vehicle tracking
    device for fleet management companies.
    
--  Exciting, First-to-Market Technology Innovations: Digicel is expanding
    its customer offerings, continuing to roll out many first-to-market
    technology innovations such as its Personal Broadband Service through WiMAX
    technology. Pioneering this technology in the Cayman Islands, Digicel's
    Personal Broadband Service enables consumers to access the Internet from
    anywhere within their coverage area. Digicel also launched MobileTV in
    Jamaica, which allows customers to enjoy all live, local mobile TV
    programming.
    
--  Strategic Partnerships to Bring Greater Value to Customers: With a new
    partnership with Vodafone, the world's largest mobile phone company,
    Digicel expanded its capacity to offer its customers a wider range of
    roaming services as well as a seamless world-class mobile experience while
    traveling abroad on each others' networks. The companies are working
    together to jointly develop innovative products and services, creating cost
    benefits, greater value and more solutions for customers. Digicel also has
    roaming agreements with 245 partners in 130 countries around the world.
    
--  Diaspora Services: In 2007, significant inroads were achieved as the
    company continued offering services that allow the Caribbean Diaspora
    communities living abroad to send airtime credit and purchase phones for
    family and friends in the Caribbean. Digicel's CaribFlex allows the
    purchase of airtime credit in the UK, Canada and the US for prepaid
    customers in Jamaica, Haiti, Trinidad, Guyana and OECS markets. Credit is
    instantly applied to the prepaid customers account and the beneficiary
    notified via text message. To facilitate this service and the sale of
    phones for Haiti, Digicel has signed partnership agreements with leading
    money transfer companies including Caribbean Air Mail (CAM) and
    UniTransfer.
    
--  Digicel Pacific Ltd: Significant inroads were made by Digicel's sister
    company, Digicel Pacific Ltd in rolling out a seamless pan Pacific GSM
    network. Digicel launched in Papua New Guinea in July 2007, leading to a
    0.7% growth in the nation's GDP. The Tonga operator TONFON was acquired in
    November while Digicel Samoa continues to enjoy steady growth. The
    Governments of Fiji, Vanuatu and several other countries in the Pacific
    have committed to license Digicel Pacific Ltd shortly.
    

"2007 was a phenomenal year of growth for Digicel," added Colm Delves. "As we look ahead to 2008, we are very excited about further strengthening our presence in current markets, strategically expanding our business operations in new markets and continuing to bring new technology innovations and products to all of our customers."

Note to Editors -- Subscriber Growth Statistics

--  Since launching in 2001, Digicel has recorded a compound annual growth
    rate of more than 50%.
    
--  The company's measurement is based on a highly conservative approach
    of a subscriber only being defined as "active" if that subscriber had a
    chargeable event in the last 30 days.
    

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest-growing wireless telecommunications operator in the Caribbean. After six years, Digicel is renowned for competitive rates, unbeatable coverage, superior customer care, a wide variety of products and services, and state-of-the-art handsets. It is the largest GSM operator in the region with more than 6 million customers.

By offering innovative wireless services and community support, Digicel has become a leading brand in the Caribbean and has placed the region at the cutting edge of wireless communications.

Digicel is incorporated in Bermuda and has operations in 23 markets including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, Curaçao, The Cayman Islands, Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname Trinidad & Tobago and Turks & Caicos. Digicel also has coverage in St. Martin and St. Barths.

The company is the lead sponsor of Caribbean sports teams including the West Indies Cricket Team, Special Olympics teams across the Caribbean and is title sponsor of the Digicel Caribbean Football Union Cup and the Copa De Naciones, the Caribbean and Central American qualifiers to the CONCACAF Gold Cup.

For more information on Digicel, please visit www.digicelgroup.com.

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