SOURCE: Digicel

December 19, 2007 16:40 ET

Digicel Wins Competitive Bid for Mobile License in Honduras

Entry Into Market to Bring World-Class Mobile Services, Significant Investment and Job Creation

TEGUCIGALPA, HONDURAS--(Marketwire - December 19, 2007) - Digicel Central America Holdings Limited, through its wholly owned subsidiary, Digicel Honduras S.A. de C.V., is pleased to announce that it has won a competitive bid process for a license to operate a GSM mobile network in Honduras. The highly competitive auction took place on Wednesday, Dec. 19th, with Digicel bidding US$80.1 million. It is expected that the decision to grant the fourth operator license to Digicel Honduras will be approved by Congress in the coming weeks.

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.

Digicel also expects to contribute to the local Honduras economy, employing approximately 300 people directly in its operations and leading to the indirect employment of 7,000 people.

Speaking from Tegucigalpa today, Donal O'Shaughnessy, Digicel Central America CEO, said, "Honduras is a very exciting win for us. There is huge potential for growth in this mobile market, and Digicel looks forward to becoming a strong competitor by delivering superior technology and being passionate about providing the best mobile phone service to customers."

"We are committed to making an important contribution to the growth and development of Honduras economically and socially. Our entry into the market will result in significant job creation and Digicel fully intends to become involved in a range of sponsorships, and social and community initiatives," added Donal O'Shaughnessy.

Digicel Central America Holdings Limited is owned by Denis O'Brien, as is Digicel Group Limited and Digicel South Pacific Limited.

About Honduras
Location: Central America, bordering the Caribbean Sea between Guatemala
and Nicaragua.
Population: 7,483,763
Telecommunications: Mobile penetration at approximately 38%, three
operators Tigo (Millicom), Claro (American Movil), and Tegucel

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