info.

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"We are bringing the latest GSM technology to Trinidad and Tobago, which
can bring value-added offerings and lower prices to all mobile phone
users," said Mario Assaad, chief technical officer, Digicel Group."
Cayman's reform involved the introduction of comprehensive "output"
budgeting.
Agency for International Development (USAID ), the World Bank, the European
Union, the International Monetary Fund (IMF), the Caribbean Development Bank
and the 20 countries of CARICOM. For more information, visit
http://www.com.

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"With
Ericsson as our technology provider, we look forward to introducing
competition to the Trinbagonian market and elevating the threshold for
quality coverage, reliability and access to the widest range of services .tt/about/links. Cayman to Detail Benefits of Its Comprehensive Public
Financial Management Approach; Demonstrate 'Best Practices'

GEORGE TOWN, Grand Cayman, The Cayman Islands
Government's financial management and reporting system is the featured case
study as more than 30 senior finance managers from 20 Caribbean countries
attend the Caribbean Regional Technical Assistance Centre (CARTAC) workshop,
which began Tuesday in Grand Cayman at the Westin Casuarina Resort and Spa.

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In June, Digicel obtained
five blocks of GSM spectrum following a highly competitive auction which
marked the liberalization of Trinidad and Tobago's mobile
telecommunications market ."

Digicel recently completed a US$300 million bond offering which
demonstrates the confidence of the international investment community in
Digicel's current business and its vision to build a seamless wireless
network across the Caribbean.tt/

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest growing wireless
telecommunications operator in the Caribbean . It is the largest GSM operator in the region.

Cayman Islands Government to Showcase Public Financial Reform and Management Expertise to Caribbean Finance Leaders

It is funded by a number
of organizations , including the Canadian International Development Agency
(CIDA), the UK Department for International Development (DFID), the U. The organization shares
experience and current developments to increase public awareness of the
importance of efficient and effective public finance management through its
Web site, workshops, conferences, facilitation of professional attachments and
other activities .

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A long time Digicel solutions provider and the world's leading GSM
provider, Ericsson's network infrastructure technology will enable
Trinbagonians to experience enhanced network quality and reliability as
well as access to a broad range of services including international
roaming, mobile Internet (GPRS), digiCHAT and digiINFO.
The three-day event, co-hosted by Cayman's Portfolio of Finance +
Economics and CARTAC, in association with the Caribbean Public Finance
Association (CaPFA), will also focus on the Cayman Islands' experiences in the
area of financial reform; an initiative that Cayman began more than two years
ago. It also
involved moving to full accrual accounting to align government more closely
with commercial accounting practice, which is both more effective and provides
a better understanding of how government assets are utilized.
Conference participants will be senior civil servants holding key public
finance management positions from such countries as: Anguilla, Antigua +
Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada ,
Grenadines, Guyana, Haiti, Jamaica, Montserrat, St.S.gov.

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It also
involved a study of "best practices " from governments around the world to
glean lessons learned and develop an approach unique to the needs of the
Cayman Islands. Kitts in November 2004.

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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.

Visit www. That is, budgeting focused on what is actually produced, while
getting the best value for every dollar of public funds expended.

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Digicel is incorporated in Bermuda and operates in eight countries
including Aruba, Barbados, Curaao, The Cayman Islands, Grenada, Jamaica,
St. Vincent and the Grenadines with plans to launch in Trinidad
& Tobago. Vincent & the Grenadines, will also be strengthened as
Cingular's customer base will transition to Digicel. Since then, CaPFA has worked with CARTAC to
hold regional workshops, including its inaugural conference, "Strengthening
Public Finance Management in the Caribbean" in St.

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com for more information on Digicel.
"From our broad perspective, the effective management of public finances
can have many far-reaching benefits in addition to the general fiscal health
of government , which is an obvious one," said Mr Gough. Kitts + Nevis, St.
CaPFA's first aim is to further develop the professionalism of those involved
in public finance management in the Caribbean. For more
information , visit http://www.

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Digicel Group, the
fastest growing mobile telecommunications company in the Caribbean, today
announced that Ericsson (NASDAQ: ERICY) is the exclusive vendor for its GSM
wireless infrastructure in Trinidad & Tobago.

ABOUT VISION 2020*

Vision 2020 places Trinidad and Tobago
(http://vision2020.asp) as a developed nation in the
fullest sense, in terms of the level of human development, the enterprise
and creativity of its people, the success and dynamism of its economy, the
standard of living enjoyed by all segments of its population, the social
and institutional structures, the quality of governance, as well as, the
state of the natural environment .

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Lucia, St.
"While much progress has been made, there's still work to do to realize
our full vision," said Mr Gough, referring to the next phase of reform
involving personnel and public authorities , which will begin shortly.
CARTAC -- through its Public Finance Management Advisor Mr.

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"Our technology is on the cutting-edge and capable of providing consumers
and businesses in Trinidad and Tobago with innovative new services," said
Martin Bjork, Digicel Key Account Manager, Ericsson .

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.
The Cayman Islands is also sharing its experiences from a broad management
perspective as to how the need for fiscal reform came about.

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Kitts and Nevis, Antigua
and Barbuda , and Dominica."
The workshop will allow participants, some of whom are already involved in
similar fiscal reform programs, to appreciate the implications and
applicability of Cayman's approach to their country's situation.

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Among the significant changes required to implement these reforms , were
new legislation, such as the Public Management and Finance Act, with "Fiscal
Responsibility " provisions, and upgrades to infrastructure, including a new
technology platform called the integrated financial management system (IRIS).

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digicelgroup. Graeme Hansen
-- has organized the workshop and funded the participants.

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"Our advanced network
will impact the role of telecommunications and play a role in helping
Trinbagonians achieve their Vision 2020* plan to become one of the world's
most fully developed nations by economic and social standards. Lucia,
Barbados and St.cartac.

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The workshop is
part of a series organized and sponsored by CARTAC in conjunction with the
CaPFA.

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"We want the
rest of the Caribbean to know and understand what worked for us, what benefits
can be realized , and what resources are necessary to undertake such an
initiative. With a population of more than
43,000, the country consists of three islands: Little Cayman, Cayman Brac and
Grand Cayman, the capital of which is George Town.

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info.

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. "Areas such as direct
foreign investment, infrastructure projects and increased social services can
all be tied to strong financial management -- it is a tenet of good
governance. CARTAC provides "on demand" technical
assistance to the governments of member countries in the areas of public
finance management, fiscal planning, taxation administration, financial sector
matters (banks, credit unions, insurance and securities) supervision, and
government financial statistics.bb .

About the Cayman Islands and the Portfolio of Finance + Economics
The Cayman Islands is a United Kingdom Overseas Territory located in the
northwestern region of the Caribbean Sea. The Portfolio of Finance +
Economics is responsible for fiscal management, policy -making and
administrative oversight related to public finances and maintains oversight of
Cayman 's financial services industry, which encompasses banking, trust
services, company services, mutual funds, insurance, vessel registration,
capital markets products and the Cayman Islands Stock Exchange .

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This financing will be employed, in part, to
rapidly expand services in Trinidad & Tobago. Digicel has entered into an agreement to acquire, subject to
regulatory approval, Cingular Wireless' Bermuda and Caribbean operations
that will significantly increase the size of its pan-Caribbean network to
include Bermuda, Anguilla, St Kitts and Nevis, Antigua and Barbuda and
Dominica. Digicel's market share in The Cayman Islands, Grenada, St.

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PRESS RELEASE Digicel Ericsson Delivering World Class GSM Network for Trinidad +amp; Tobago

Ericsson has been
Digicel's preferred vendor since its flagship launch in Jamaica in 2001 and
remained a strategic provider throughout the company's roll-out in markets
including St Lucia, St Vincent & The Grenadines, Grenada, Aruba, Barbados
and The Cayman Islands. Vincent and the Grenadines, Suriname, Turks + Caicos Islands, British
Virgin Islands, and Trinidad + Tobago.

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Consistent
with previous CARTAC/CaPFA workshops, emphasis will be placed on all
participants having the opportunity to share experiences and enhance working
relationships among public finance managers throughout the Caribbean. Lucia,
St.ky .

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In Cayman's case,
it was a collective process, involving active commitment from political
leaders and civil servants, as well as members of the community.

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"

One of the most admired brands in the Caribbean, Digicel supports a broad
range of social, sporting and cultural initiatives throughout the Caribbean
and looks forward to playing an active role in its new territories of
Trinidad and Tobago, Haiti, Bermuda, Anguilla , St. http://vision2020. Cayman's experience was identified as a key learning opportunity after
its participation in the inaugural CaPFA Conference, held in St. Kitts in
November 2004.

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"One of the key aims of the workshop is to share Cayman's reform
experience with participants as part of promoting further understanding about
the need for, and implications of financial management reform in the region,"
said Mr Peter Gough, Deputy Financial Secretary (Financial Management), Cayman
Islands Government, noting that all workshop presenters will be
representatives from various areas of Cayman's civil service.

About CARTAC
Based in Barbados, the Caribbean Regional Technical Assistance Centre was
established in 2001 with a mission to enhance the institutional and human
resource capacities of countries in the Caribbean region to achieve their
macroeconomic , fiscal and monetary policy objectives.

About CaPFA
CaPFA was formed out of the CARTAC Public Finance Management Conference
held in Trinidad in February 2003.