GEORGETOWN, Guyana -- Digicel Group, the fastest-growing mobile telecommunications operator in the Caribbean and new entrant to Central American market, today announced that it has acquired the Guyanese mobile operator U Mobile through the direct acquisition of its ultimate parent holding company. Following on the heels of the acquisition of El Salvador mobile operator, Digicel Holdings Limited (DHL), Digicel Group now has operations in 22 markets.

Expected to introduce increased competition to the Guyana mobile market, the acquisition of, U Mobile along with its employee base of 119 people, enables Digicel to expand its footprint into South America following the launch in French Guiana earlier this year. Guyana has a population of close to 800,000 people.

By making considerable investments to upgrade and expand U Mobile's existing GSM network, Digicel looks forward to making a significant impact on the quality, standard and availability of mobile telecommunications in Guyana.

President of Guyana, his Excellency Mr. Bharrat Jagdeo, welcomed Digicel to Guyana noting, "Based on their hugely successful track record across the Caribbean region in making mobile communications more accessible to countries with low mobile penetration rates, we are confident that the presence of Digicel in Guyana will bring increased competition to the market. This will result in new and improved quality services allowing more Guyanese to avail of mobile technology."

Digicel Group