Digicel Announces Renewed Investment In Caribbean Telecoms

by Amanda Banks, Tax-News.com, London

11 January 2006

Caribbean telecommunications operator Digicel has announced a major programme of investment aimed at expanding its regional wireless network into new territories in 2006.

According to Colm Delves, CEO of Digicel Group, the company's strategy for the year ahead is to build upon the momentum gathered in 2005 when Digicel received approvals for its acquisition of Cingular Wireless’s operation in Bermuda (where it is based).

Last year, Digicel also received approval for further acquisitions in Dominica, established a GSM network in Anguilla where the market was recently liberalized, and ended 2005 by launching the WiMAX broadband service in the Cayman Islands.

"From our employees' ability to provide the best customer service to our investments in our networks, new licenses and operations, we have created one of the Caribbean's best-known brands and we have changed the face of telecommunications across the region," noted Mr Davies.

Digicel has operations in fifteen Caribbean countries with a combined population of 14 million, and the company’s overall investment in the region is approaching US$1 billion since its launch in the region in 2001.

Digicel’s network now encompasses a wide area of the Caribbean basin, including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, the Cayman Islands, Curacao, Dominica, Grenada, Haiti, Jamaica, St. Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines and Trinidad & Tobago.

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