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KINGSTON, Jamaica -- Digicel Group, the fastest growing mobile telecommunications operator throughout the Pan-Caribbean region, announced today it has completed its acquisition of Bouygues Telecom Caraibe, the wholly owned subsidiary of Bouygues Telecom with assets in Martinique, Guadeloupe and French Guiana.

Bouygues Telecom Caraibe, which has over 160,000 subscribers and 2005 revenues of Euro 117 million (US$ 148 million), was purchased by Digicel Group at the price of Euro 155 million (US$ 196 million) after receiving approvals from the government regulator.

Digicel will add three new territories to its existing operations, bringing its total number of operations to a milestone 20 markets since its inception five years ago. With a current staff of approximately 80 people, Digicel looks forward to expanding its existing operations and becoming the leading mobile telecommunications provider in the French West Indies and throughout the Eastern Caribbean.

"We are delighted to welcome the employees and customers of Bouygues Telecom Caraibe into the Digicel family as we continue our quest to create a seamless pan-Caribbean network," said Denis O'Brien, Chairman and Founder of Digicel Group. "We look forward to providing the residents and visitors of the French West Indian territories with our industry leading service and unmatched customer care."

"As we celebrate our fifth anniversary since our debut launch in Jamaica we are proud to have achieved this milestone of providing top-rate services in twenty nations," added Mr. O'Brien. "Digicel continues to maintain its position as the fastest growing telecommunications company in the Caribbean with a compound annualized growth rate of 69 percent."

Digicel Group