SOURCE: Digicel

April 21, 2006 12:34 ET

Digicel Marks Five-Year Anniversary With Record Growth Rate

Digicel Reaches Sixty-Nine Percent Growth Rate -- Caribbean Headquarters to Be Built in Jamaica

KINGSTON, JAMAICA -- (MARKET WIRE) -- April 21, 2006 -- In the week of celebrating its fifth anniversary, Digicel, the fast growing telecommunications company which acquired Cingular's operations in June 2005, has recorded a growth rate of 69 percent and laid plans to build a new state-of-the-art headquarters in Kingston for its Jamaican staff base of 1,000.

"Digicel continues to maintain its position as the fastest growing telecommunications company in the Caribbean, with a compound annualized growth rate of 69 percent," according to Colm Delves, Group Chief Executive Officer. "This record growth rate is unrivaled among the world's other mobile phone providers."

It was five years ago this week that Digicel initiated operations in Kingston, Jamaica. In just three months of its launch the company had signed up 100,000 new customers. Digicel Jamaica has recently recorded a milestone of 1.5 million subscribers. Today, Digicel currently operates in 16 Caribbean countries, covering a total population of 14 million people and employs over 1500 people across the region.

With a unique combination of bold deal making, intense customer focus, attention to detail, and speed to market, Digicel maintains an average market share of 63 percent across the islands of its existing operations.

Digicel's chairman, Denis O'Brien, expects significant growth in the future. At a press conference held for the recent launch of Digicel Trinidad & Tobago, O'Brien said, "With 10 more Caribbean nations whose telecommunications marketplaces are yet to be liberalized, we expect exponential growth over the next five years."

"Our history shows that if people are under serviced and dissatisfied, they vote with their fingers, and that has happened in every market that Digicel has entered, effectively punishing the incumbent for bad service and high prices for the past 100 years," he added.

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest growing wireless telecommunications operator in the Caribbean. A Caribbean company, headquartered in Kingston, Jamaica, Digicel has over the past five years, become 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.

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 currently has operations in 16 Caribbean countries, covering a total population of 14 million people. Incorporated in Bermuda and operating in Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Curaçao, The Cayman Islands, Dominica, Grenada, Jamaica, St Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines and Trinidad & Tobago. Digicel looks forward to launching in Haiti and Turks & Caicos in the near future. The company has also announced its intent to fully acquire Bouygues Telecom Caraibe with assets in Martinique, Guadeloupe and French Guiana, pending all the appropriate and necessary approvals.

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, which involves over 30 Caribbean countries and is an important qualifier towards the CONCACAF Gold Cup.

Visit www.digicelgroup.com for more information on Digicel.

Contact Information

  • Contact:
    Maureen Rabbitt
    Corporate Communications Manager
    Digicel
    +1 (876) 361 2852 (Jamaica)

    Adam Paige
    Cohn & Wolfe (for Digicel)
    Tel: 212-798-9833