About CaPFA
CaPFA was formed out of the CARTAC Public Finance Management Conference
held in Trinidad in February 2003. Since then, CaPFA has worked with CARTAC to
hold regional workshops, including its inaugural conference, "Strengthening
Public Finance Management in the Caribbean" in St.

Includes all hobbies, sports and participatory recreational activities specific to the region, including recreation organizations.

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The workshop is
part of a series organized and sponsored by CARTAC in conjunction with the
CaPFA. Cayman's experience was identified as a key learning opportunity after
its participation in the inaugural CaPFA Conference, held in St.

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. Currently , Digicel's staff is
92 percent Caribbean nationals, based throughout the company's nine
countries of operation.

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The acquisition also strengthens Digicel's market share in the Cayman
Islands, Grenada , St. The parties have also entered into a roaming agreement that provides
favorable roaming rates in each other's markets.

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Kitts in November 2004. Kitts and Nevis
-- will also result in more savings on calls within the Digicel network.

Visit www.

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For more
information, visit http://www. Martin , St. Lucia, Barbados and St.

Cingular Wireless is a joint venture
between SBC Communications Inc.

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

Digicel Group, the fastest growing mobile
telecommunications provider in the Caribbean, has today confirmed that the
Government of the Commonwealth of Dominica has approved in principal the
company's planned acquisition of Cingular Wireless' Dominica operation."

"As the best performing network with the widest coverage in the Caribbean,
Digicel is committed to changing the face of mobile telecommunications on
the island by focusing on raising the acceptable levels of quality and
coverage of calls for Dominican customers as well as introducing our
award -winning customer care service," added Digicel Eastern Caribbean CEO,
Mr.

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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. Vincent and the Grenadines.

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It is funded by a number
of organizations, including the Canadian International Development Agency
(CIDA), the UK Department for International Development (DFID), the U.
Additionally, Digicel is a proud sponsor of West Indies Cricket, the
Digicel Caribbean Cup and Special Olympics teams across the region. Lucia, Barbados and St.

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest growing mobile
telecommunications operator in the Caribbean.

Digicel is incorporated in Bermuda and operates in nine countries including
Aruba, Barbados, Curaao, The Cayman Islands, Grenada, Haiti, Jamaica, St.
Lucia, St.

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CaPFA's first aim is to further develop the professionalism of those involved
in public finance management in the Caribbean.ky . We are working with
Cingular on full integration plans to ensure that this process will be as
seamless as possible with former Cingular customers in Dominica being able
to keep their mobile phone, telephone number as well as their current
benefits.

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"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.com.
Full approval will be subject to any conditions following the special
meeting of the Eastern Caribbean Telecommunications Authority (ECTEL)
Council of Ministers. Vincent & the Grenadines,
where Cingular's customer base will transition to Digicel. Lucia, St. 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.

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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.

Kitts & Nevis,
Antigua and Barbuda and Dominica, in addition to its existing nine markets
of operation which include the most recent addition of Trinidad & Tobago.

"Based on the enormously impressive market penetration shown in Jamaica and
in the OECS islands, we are confident that the presence of Digicel in
Dominica will bring increased competition which will result in new and
improved quality of services provided, better coverage and lower prices to
the Dominica consumers. In addition to the company playing a significant
role in raising the quality and level of communications services on the
island, we look forward to their active participation in the development of
Dominica's communities," said Minister Reginald Austrie, Minister for
Housing, Lands, Telecommunications , Energy and Ports.

With investments in the Caribbean exceeding $US600 million, Digicel
recently reached a milestone of 1,051 employees in its fourth year of
operation. (NYSE: SBCBLS).

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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. "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. 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.

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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 . Graeme Hansen
-- has organized the workshop and funded the participants.
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. Lucia, Barbados and St."

Digicel 's investments in the Caribbean have exceeded $US600 million. It is the largest GSM mobile
operator in the region and plans to extend its footprint into other
Caribbean countries.

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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. 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.gov.

"We are delighted to have received this approval in principal from the
Commonwealth Government of Dominica," said Digicel Chairman, Denis O'Brien.

ABOUT DIGICEL

Since its launch in 2001, Digicel has become the fastest growing wireless
telecommunications operator in the Caribbean.

PRESS RELEASE Digicel to Acquire Cingular Wireless' Caribbean Operations

"We are looking forward to welcoming the Cingular Caribbean operations
staff and customers to the Digicel family," said Denis O'Brien, founder and
chairman, Digicel Group. "Our industry leading service and unmatched
customer care continue to put us in a position of strength as we roll-out a
seamless pan-Caribbean telecommunications network .com for more information on Digicel.

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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.

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.

In addition to offering superior service, Digicel continues to support a
broad range of social and cultural initiatives throughout the Caribbean. Digicel's planned expansion to five new territories
-- Anguilla, Antigua and Barbuda, Bermuda, Dominica and St.

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.
Digicel Group, the fastest growing mobile
telecommunications provider in the Caribbean, announced today that it has
entered into an agreement to acquire Cingular's Caribbean operations in a
multi-million dollar deal that significantly increases the size of
Digicel's Pan-Caribbean network. Kitts
and Nevis, Antigua and Barbuda, and Dominica in addition to its existing
nine markets of operation which include the most recent addition of Haiti.

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"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."
Cayman's reform involved the introduction of comprehensive "output"
budgeting. Kitts in
November 2004.bb .

As the first in its markets to offer innovative network capabilities
including per second billing, picture messaging , and pre-paid roaming,
Digicel continues to differentiate itself by being passionate about
providing the best mobile phone service and introducing new products and
services to meet the evolving needs of its customers.

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Kitts + Nevis, St.

This development represents an important milestone as Digicel moves forward
with its agreement to acquire Cingular Wireless' Caribbean and Bermuda
operations as part of its mission to create a seamless pan-Caribbean
network with enormous benefits for the region and its customers. Vincent & the Grenadines,
where Cingular's customer base will transition to Digicel and licenses to
provide service in St. Kevin White. Lucia, and St. 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. Digicel's market share in The Cayman Islands,
Grenada, St.

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"
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. 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.
CARTAC -- through its Public Finance Management Advisor Mr. Vincent and the Grenadines , Suriname, Turks + Caicos Islands, British
Virgin Islands, and Trinidad + Tobago.

PRESS RELEASE Digicel Approved to Enter Dominica

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. Additionally, Digicel is the proud sponsor of West Indies
Cricket, the Digicel Caribbean Cup and Special Olympics teams in Jamaica,
Aruba, St.

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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. Kitts and Nevis, Antigua and
Barbuda and Dominica. Vincent & the Grenadines , will also be
strengthened as Cingular's customer base will transition to Digicel.

This purchase will expand Digicel's network to Bermuda, Anguilla, St.

In addition to offering cutting edge technology, Digicel continues to
support a broad range of social and cultural initiatives throughout the
Caribbean.

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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.
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).S.

Digicel plans to enter into a roaming agreement with Cingular that will
provide former Cingular and Digicel customers with favourable roaming rates
in additional markets. It is the largest GSM operator in the region.digicelgroup.digicelgroup.

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The Cayman Islands is also sharing its experiences from a broad management
perspective as to how the need for fiscal reform came about. Lucia,
St.cartac.com for more information on Digicel.

This transaction, which is subject to regulatory approval, is expected to
close in four to six months. The
Company anticipates a 30 percent increase in staff by the end of 2006, due
to subscriber growth and market expansion . Vincent/Grenadines and Barbados.

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"We wish to thank Minister Austrie and the government of Dominica for the
level of support they have shown both Digicel and Cingular and we look
forward to full confirmation in the near future. The Company anticipates a 30 percent increase in staff by the
end of 2006, due to subscriber growth and market expansion.
The acquisition will also strengthen Digicel 's market share in The Cayman
Islands, Grenada, St.

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.

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

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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. For more information, visit
http://www.

The purchase , which is subject to regulatory approval on each individual
island, will expand Digicel's network to Bermuda, St. Barths, Guadeloupe and Martinique.

Digicel is incorporated in Bermuda and operates in eight countries
including Aruba, Barbados, Curaao, The Cayman Islands, Grenada, Jamaica,
St . Vincent & the Grenadines with plans to launch in
Trinidad & Tobago.
In 2004, Digicel grew its customer base by 33 percent and recently reached
a milestone of 1,051 employees in its fourth year of operation.