SOURCE: Digicel

June 24, 2008 08:30 ET

Digicel Announces 39 Percent Subscriber Growth Over Previous Year

Achieves 6.54 Million Total Customers in Fiscal Fourth Quarter; Celebrates First Year of Operations in Digicel Guyana and Digicel El Salvador

KINGSTON, JAMAICA--(Marketwire - June 24, 2008) - Digicel, the fastest-growing telecommunications operator in the Caribbean and new entrant to the Central American market, today announced that it has ended its fiscal year (March 31,2008) with 6.54 million customers, representing a 39 percent increase compared to the same quarter in the previous fiscal year. Operating across 23 markets, Digicel Group continues to experience organic growth in existing markets while increasing mobile penetration growth rates in new markets.

In November 2007, Digicel successfully launched operations in Suriname, offering superior customer care, better value and wider coverage while helping to drive mobile penetration growth from 55 percent to close to 70 percent. Digicel already has a presence in South America through its operations in Guyana and French Guiana. Its Caribbean and Latin American GSM networks also extend across the British West Indies, the Dutch Caribbean, the French West Indies, Bermuda and El Salvador.

Digicel plans to further expand later this year with a pending launch in the British Virgin Islands, while Digicel Central America Holdings, a sister company to Digicel Group, prepares to launch in Honduras and Panama. These launches will expand Digicel's GSM network to 26 markets.

"We're very excited about our ability to sustain growth opportunities in existing markets while picking up momentum in new ones, and we've had one of our most successful financial years to date," said Colm Delves, Digicel Group CEO. "We will continue to put our customers first by offering them better value, world-class customer care, new technology innovations and attractive offerings based on the strength of our network."

Digicel's key milestones to date include:

Market Growth:

--  Digicel El Salvador reached its one-year anniversary April 12, 2008,
    tripling its subscriber base and increasing mobile penetration rates from
    approximately 30 to 61 percent in 12 months. Meanwhile, Digicel Central
    America Holdings Ltd. won a competitive license bid to operate a GSM mobile
    network in Panama in May 2008, following its successful license bid in
    Honduras in December 2007.
    
--  In November 2007, Digicel launched in the newly liberalized market of
    Suriname and has since dramatically gained market share of 30 percent in
    just seven months.
    
--  In May 2008, Digicel Haiti celebrated its second year of operations
    becoming the leading brand in the country with more than 2,000,000
    customers. The Digicel Haiti Foundation celebrated its one-year anniversary
    in March 2008, delivering on its initial commitment to build 20 primary
    schools across the country.
    

Interconnect:

--  In Trinidad & Tobago in May 2008, Digicel and TSTT signed an
    interconnect agreement provisioning that they both pay reciprocal and
    retroactive interconnect charges for interconnection services provided
    since inception.  This agreement enables Trinidad and Tobago mobile users
    to send and receive SMS and text messages from other mobile users in the
    country. Both parties also signed an agreement in relation to sharing space
    of their respective cellular towers.
    

New Management:

--  Digicel continues to expand its senior management team with several
    key appointments, hiring Jose Antonio Rodriguez as Digicel El Salvador CEO
    in March 2008 and promoting former CEO, Luis La Rocca, to Vice President of
    Business Development for Digicel Central America. La Rocca is responsible
    for spearheading expansion efforts across the Central American region.
    

Digicel's investment in the Caribbean and the Central American region exceeds US$2 billion. The company directly employs more than 4,000 people across its 23 markets.

Note to Editor:

Digicel's measurement of subscribers 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 GROUP

Since its launch in 2001, Digicel has become the largest wireless telecommunications operator in the Caribbean with more than six million customers. After seven 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. 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. With new launches planned for the British Virgin Island (BVI), Honduras and Panama, Digicel expects to be in 26 markets in the next 12 months. The Caribbean company also has coverage in St. Martin and St. Barths.

Digicel is the lead sponsor of Caribbean sports teams including the West Indies Cricket Team, Special Olympics teams 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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