The Government of St. Lucia has approved the acquisition by Digicel of the Cingular Wireless’ operation on the island.
This is another significant milestone for Digicel in completing plans to acquire the Cingular operations in Bermuda and the Caribbean, said a company press release.
With regulatory approval now secure, Digicel can now take the necessary steps required for it to complete the acquisition of the Cingular business in St. Lucia. This includes finalising the integration plans that have been initiated with Cingular to provide a smooth transition for Cingular customers in St. Lucia.
With Digicel operations already established in St. Lucia, Cingular customers will soon have full access to Digicel’s valued offerings including comprehensive coverage, competitive rates, innovative products and state-of-the-art handsets while continuing to enjoy their current Cingular Wireless services such as BlackBerry and other data services, the release said.
‘Digicel has a great track record of introducing innovative technology and being involved in communities throughout St. Lucia. Our approval of the Cingular Wireless acquisition will support their continued growth on the island and the benefits it brings to consumers and businesses throughout the country,’ said Minister Finisterre, the Minister for Communications, Works, Transport and Public Utilities of St. Lucia.
According to Digicel CEO of Eastern Caribbean islands, Mr. Kevin White, ‘We want to extend our gratitude to the Government of St. Lucia, and their ongoing support of our business. We are focusing on putting the necessary elements in place to provide a smooth transition for Cingular Wireless customers. We look forward to completing the acquisition in St. Lucia which will put us in a position to grow our subscriber base and offer more value to all customers.’
With a vision to establish a seamless Pan-Caribbean wireless network, Digicel’s investments in the region have exceeded $US600 million. The company recently reached a milestone of more than 1,000 employees in its fourth year of operation and anticipates a 30 per cent increase in staff by the end of 2006, due to subscriber growth and market expansion.
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