Fastest Growing Mobile Telecommunications provider in the Caribbean to expand to five new countries
Digicel Group, the fastest growing mobile telecommunications provider in the Caribbean, announced that it has entered into an agreement to acquire Cingular’s Caribbean operations in a multi-million dollar deal that significantly increases the size of Digicel’s Pan-Caribbean network.
This purchase will expand Digicel’s network to Bermuda, Anguilla, St. Kitts and Nevis, Antigua and Barbuda, and Dominica in addition to its existing nine markets of operation which include the most recent addition of Haiti. The acquisition will also strengthen Digicel’s market share in The Cayman Islands, Grenada, St. Lucia, Barbados and St. Vincent & the Grenadines, where Cingular’s customer base will transition to Digicel.
This transaction, which is subject to regulatory approval, is expected to close in four to six months.
“We are looking forward to welcoming the Cingular Caribbean operations staff and customers to the Digicel family,” said Denis O’Brien, founder and chairman, Digicel Group. “Our industry leading service and unmatched customer care continue to put us in a position of strength as we roll-out a seamless pan-Caribbean telecommunications network.”
Digicel’s investments in the Caribbean have exceeded $US600 million.
In 2004, Digicel grew its customer base by 33 percent and recently reached a milestone of 1,051 employees in its fourth year of operation. The Company anticipates a 30 percent increase in staff by the end of 2006, due to subscriber growth and market expansion. Currently, Digicel’s staff is 92 percent Caribbean nationals, based throughout the company’s nine countries of operation.
As the first in its markets to offer innovative network capabilities including per second billing, picture messaging, and pre-paid roaming, Digicel continues differentiate itself by being passionate about providing the best mobile phone service and introducing new products and services to meet the evolving needs of its customers.
In addition to offering cutting edge technology, Digicel continues to support a broad range of social and cultural initiatives throughout the Caribbean. Additionally, Digicel is proud sponsor of West Indies Cricket, the Digicel Caribbean Cup and Special Olympics teams in Jamaica, Aruba, St. Lucia, St. Vincent/Grenadines and Barbados.
