DIGICEL GROUP INCREASES FIRST HALF PROFIT BY 10%

 2.7 million subscribers added worldwide

Kingston, Jamaica - Tuesday, November 17^th 2009: Digicel, the largest mobile operator in the Caribbean and fastest growing operator in Central America, today reported a 10% increase in its half year profit (EBITDA) to US$364 million on revenues of US$857 million.

Digicel has grown its subscriber base by 7% in the past 12 months to 7.3 million, and in its most recent quarter to September 30^th 2009, it added 98,000 subscribers.

Colm Delves, Digicel Group CEO, comments: “These results demonstrate a strong start to the financial year with Digicel increasing profits and subscribers even in a tough economic climate. Despite increased competition, Digicel is winning market share as customers continue to prefer the better value offered by Digicel’s Bigger, Better Network.”

Digicel’s revenues for the six months to September 30^th were US$857 million - growing 3% in constant currency terms. Digicel’s EBITDA margin* for the most recent quarter was 44% - the fifth successive quarter it has been at or over 40%.

Colm Delves added: “We have demonstrated that with disciplined cost control and relentless focus on giving customers what they want, companies can continue to thrive even in challenging times.”

In the first six months of this financial year, Digicel has announced several other initiatives and achievements:

·         On July 7^th, Digicel completed a US$160 million high-yield bond issue that was more than two times over-subscribed, demonstrating the company’s continued good standing in capital markets.

·         On September 2^nd, Digicel announced its plans to launch a consumer WiMax business in Jamaica, bringing a cost effective, fast and easy to access broadband solution to a poorly served market.

·         On September 11^th, Digicel announced the acquisition of Orange Dominica, a subsidiary of France Telecom.

·         On September 28^th, Digicel announced that it has been shortlisted for two awards at the prestigious World Communications Awards 2009. Digicel has been nominated in the ‘Best Operator in Developing Market’ and ‘Best Regional Operator’ categories of the awards, with the winners to be announced on November 25^th.

·         On October 27^th, Digicel announced its intention to move its Jamaica and Group offices to a brand new facility on the waterfront in downtown Kingston, demonstrating its commitment to spearhead the rejuvenation of this area of the capital city of the first country in which Digicel launched back in 2001.

The numbers outlined above relate to Digicel Group Limited which operates in 24 markets in the Caribbean and in El Salvador.

Worldwide, Digicel operates in 32 markets across the Caribbean, Central America and the South Pacific. The worldwide subscriber base grew from 7.6 million at September 30^th 2008 to 10.3 million at September 30^th 2009. This represents a growth rate of an impressive 35% and an additional 2.7 million customers enjoying the Digicel service.

*EBITDA margin as % service revenues

ENDS

ABOUT DIGICEL GROUP

After eight years of operation, Digicel has 8.8 million customers across its Caribbean and Central American markets and is 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 wireless services and community support, Digicel has become a leading brand in the Caribbean and has placed the region at the cutting-edge of wireless communications – the company is also a recent entrant to the Central American and Pacific markets.

Digicel is incorporated in Bermuda and now has operations in 32 markets world-wide. Its Caribbean and Central American markets comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Honduras, Jamaica, Martinique, Panama, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Trinidad & Tobago and Turks & Caicos. The Caribbean company also has coverage in St. Martin and St. Barths. Digicel Pacific comprises Fiji, Nauru, Papua New Guinea, Samoa, Tonga and Vanuatu.

In total, across its 32 markets, Digicel has 10.3 million subscribers.

Digicel is the lead sponsor of Caribbean and Central American sports teams, including the West Indies Cricket Team and Special Olympics teams throughout the region. Digicel is also title sponsor of the Digicel Caribbean Championships and the Copa de Naciones Digicel, which are the Caribbean and Central American qualifiers to the CONCACAF Gold Cup.

Visit www.digicelgroup.com  for more information on Digicel.