Digicel Exceeds Six Million Customer Milestone In 2007

by Lorys Charalambous, Tax-News.com, Cyprus

17 January 2008

Telecoms firm Digicel this week announced significant year-end growth achievements in 2007.

As the largest GSM operator in the Caribbean region, Digicel revealed that it had ended the year with more than six million customers, a total investment exceeding US $1.9 billion across the region and new business operations in Suriname, Guyana and El Salvador.

"Digicel's progress in 2007 reinforced our position as the Caribbean’s leading mobile service provider and demonstrated delivery of sustained growth in our current markets, strategically expanding operations in new markets and providing exciting, first-to-market technology innovations to all of our customers,” announced Colm Delves, Digicel Group CEO.

The firm went on to reveal that it had achieved a number of key milestones in 2007, including:

Winning Mobile Licenses in New Markets

In December 2007, Digicel was granted a mobile license to operate a GSM network in the British Virgin Islands (BVI). The British Virgin Islands will become Digicel’s 24th market and the company has earmarked US $15 million as its initial investment to build a state-of-the-art network. With a thriving financial services and tourism industry, the British Virgin Islands has one of the most prosperous economies in the Caribbean.

Strategic Partnerships to Bring Greater Value to Customers

With a new partnership with Vodafone, the world’s largest mobile phone company, Digicel expanded its capacity to offer its customers a wider range of roaming services as well as a seamless world-class mobile experience while traveling abroad on each others’ networks, and

Diaspora Services:

In 2007, Digicel stated, significant inroads were achieved as the company continued offering services that allow the Caribbean Diaspora communities living abroad to send airtime credit and purchase phones for family and friends in the Caribbean. Digicel's CaribFlex allows the purchase of airtime credit in the UK, Canada and the US for prepaid customers in Jamaica, Haiti, Trinidad, Guyana and OECS markets.

"2007 was a phenomenal year of growth for Digicel,” concluded Colm Delves. “As we look ahead to 2008, we are very excited about further strengthening our presence in current markets, strategically expanding our business operations in new markets and continuing to bring new technology innovations and products to all of our customers.”

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