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June 24, 2005
PORT OF SPAIN, Trinidad -- Following a highly competitive bidding process, Digicel Trinidad and Tobago Limited, a member of The Digicel Group, the fastest growing mobile telecommunications company in the Caribbean, has today been successful in the spectrum auction which will enable it to operate a mobile network in Trinidad and Tobago.
Digicel's operation in Trinidad and Tobago is backed by a team of international and local shareholders including the HCL Group, Zenith Diversified Holdings Limited and Digicel Group. Three of the Board members are nationals of Trinidad and Tobago including Mr. Michael A. Fifi, Managing Director and Chief Executive Officer of the HCL Group; Mr. Geoffrey Leid, Executive Director of the HCL Group and Mr. Paul Mouttet, President of Zenith Diversified Holdings Ltd.
This achievement for Digicel marks a significant milestone in its mission to create a seamless Pan-Caribbean network that has enormous benefits for the entire Caribbean region. In the past six months, Digicel has increased its reach across the region to fifteen countries with the acquisition of Curacao Telecom, its entry into Haiti and most recently its agreement to acquire Cingular Wireless' Caribbean network of operations.
"We are excited about becoming an important part of Trinidad and Tobago's community and its growing economy. By redefining the role of telecommunications throughout the region, we can play a significant part in improving the quality of life for everyone and bringing further assurance that Trinidad and Tobago can reach its 2020* goal," said Mr Anthony Fifi, from the HCL Group.
Digicel Founder and Chairman, Mr Denis O'Brien added, "Digicel will commence a rapid roll out of its service that will give Trinidadians and Tobagonians the opportunity of choosing a service provider that will offer superior customer care, better value for money and wider coverage."
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