Cingular Wireless Sells Bermuda and Caribbean Assets to Digicel
22 Juin 2005 - 5:00PM
PR Newswire (US)
Cingular Wireless Sells Bermuda and Caribbean Assets to Digicel
ATLANTA, June 22 /PRNewswire/ -- Cingular Wireless, a joint venture
between SBC Communications Inc. (NYSE:SBC) and BellSouth Corp.
(NYSE:BLS), announced today that it is selling its operations and
licenses in the Caribbean and Bermuda to Digicel Limited. The
parties have also entered into a roaming agreement that provides
favorable roaming rates in each other's markets. Under the terms of
the agreement, Cingular will sell to Digicel former AT&T
Wireless properties, including licenses, network assets, and
subscribers, in the following markets: Barbados, Bermuda, Cayman
Islands, Antigua and Barbuda, Anguilla, Dominica, Grenada, St.
Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines. In
addition, Cingular will sell its cellular licenses in Curacao,
Jamaica and the French West Indies. Financial terms were not
disclosed. Closing of the transaction is contingent upon approval
from each nation's regulatory authority. ABOUT CINGULAR WIRELESS
Cingular Wireless is the largest wireless carrier in the United
States, serving 50.4 million customers. Cingular, a joint venture
between SBC Communications Inc. (NYSE:SBC) and BellSouth
Corporation (NYSE:BLS), has the largest digital voice and data
network in the nation -- the ALLOVER(SM)network -- and the largest
mobile-to-mobile community of any national wireless carrier.
Cingular is the only U.S. wireless carrier to offer Rollover(SM),
the wireless plan that lets customers keep their unused monthly
minutes. Details of the company are available at
http://www.cingular.com/ . Get Cingular Wireless press releases
e-mailed to you automatically. Sign up at
http://www.cingular.com/newsroom . ABOUT DIGICEL Since its launch
in 2001, Digicel has become the fastest growing mobile
telecommunications operator in the Caribbean. In four years,
Digicel has become renowned for competitive rates, unbeatable
coverage, superior customer care, a wide variety of products and
services, and state-of-the-art handsets. By offering innovative
mobile services and community support, Digicel has become a leading
brand in the Caribbean and has placed the region at the cutting
edge of mobile communications. Digicel is incorporated in Bermuda
and operates in 9 countries including Aruba, Barbados, Curacao, The
Cayman Islands, Grenada, Haiti, Jamaica, St. Lucia, St. Vincent and
the Grenadines. It is the largest GSM mobile operator in the region
and plans to extend its footprint into other Caribbean countries.
The company is the lead sponsor of Caribbean sports teams including
the West Indies Cricket Team, Special Olympics teams across the
Caribbean and is title sponsor of the Digicel Caribbean Football
Union Cup, which involves over 30 Caribbean countries and is an
important qualifier towards the CONCACAF Gold Cup. Visit
http://www.digicelgroup.com/ for more information on Digicel.
DATASOURCE: Cingular Wireless CONTACT: Clay Owen of Cingular
Wireless, +1-404-236-6153, or ; or Jill Wallis of Cohn & Wolfe,
+1-212-798-9837, or , for Digicel Web site:
http://www.cingular.com/ http://www.cingular.com/newsroom
http://www.digicelgroup.com/
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