Kitts & Nevis,
St.
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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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.
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. Kitts in November 2004. 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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Digicel has successfully taken on Cable & Wireless among
other incumbents over the years and rapidly increased its subscriber base
by connecting with consumers through its value offerings and exciting
brand.

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PRESS RELEASE Digicel in Discussions to Acquire French West Indies Mobile Operator

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

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"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 .
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). Graeme Hansen
-- has organized the workshop and funded the participants. Kitts in
November 2004. 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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Delves .
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.
"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.

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With an established pre-paid and post-paid
customer base, Bouygues Telecom Caraibe operates an advanced GSM network
that spans across Martinique, Guadeloupe, and French Guiana, three French
overseas territories with economies centered on the Euro as their
functional currency.

The three new markets will extend Digicel's brand in the region and further
add to its Pan-Caribbean network that has brought state-of-the-art
infrastructure and employment opportunities to many Caribbean nations
including the emerging market of Haiti. The workshop is
part of a series organized and sponsored by CARTAC in conjunction with the
CaPFA.

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Digicel Group, the fastest growing
mobile telecommunications operator throughout the Pan-Caribbean region,
announced today its intent to fully acquire Bouygues Telecom Caraibe, the
wholly owned subsidiary of Bouygues Telecom with assets in Martinique,
Guadeloupe and French Guiana, pending the approval of key stakeholders and
regulators including Bougyues shareholders, Workers Committee, ARCEP and
Bercy, the French Ministry for Finance.

According to Colm Delves, Group Chief Executive Officer of Digicel,
"Pending all the appropriate and necessary approvals, Digicel will be able
to offer a portfolio of innovative products to local customers and visitors
throughout these French West Indian territories , all supported by our
top-rated customer service and reliable coverage. Martin.

Digicel, known for its speed to market and bold marketing, will challenge
the incumbent Orange Caraibe and ONLY , a new entrant in the French West
Indies market.

Visit www. Lucia,
St. 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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digicelgroup.

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This acquisition follows Digicel 's recent completion of its acquisition of
Cingular Wireless' Caribbean and Bermuda operations, which has expanded
Digicel to 15 markets covering a total population of 14 million people.

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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.

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Digicel is incorporated in Bermuda and has operations in fifteen countries
including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Curaao,
The Cayman Islands, Dominica, Grenada, Haiti, Jamaica, St. Vincent and the Grenadines and Trinidad & Tobago.

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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. 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 + Nevis, St.S.

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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. 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.bb .

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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. Vincent and the Grenadines, Suriname, Turks + Caicos Islands, British
Virgin Islands, and Trinidad + Tobago.

It is funded by a number
of organizations, including the Canadian International Development Agency
(CIDA), the UK Department for International Development (DFID), the U. 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.

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.

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"

"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," said Mr."
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. For more
information, visit http://www.

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Digicel currently employs more than
1,500 people throughout the Caribbean and its investments in the region
surpass US$1 billion."
Cayman's reform involved the introduction of comprehensive "output"
budgeting.

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The markets are home to more than one million people
and serve as a popular destination for international tourists. Its coverage
areas also include St.

ABOUT DIGICEL

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

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.

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.

Includes area attractions and resources for those traveling in the Caribbean, including tourist guides.

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Bouygues Telecom Caraibe is headquartered in Martinique, and directly
employs approximately 80 people. 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. 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. That is, budgeting focused on what is actually produced, while
getting the best value for every dollar of public funds expended.

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.com.gov.

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com for more information on Digicel.

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For more information, visit
http: //www.

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Barths and French St. Lucia, St.
CARTAC -- through its Public Finance Management Advisor Mr. Cayman's experience was identified as a key learning opportunity after
its participation in the inaugural CaPFA Conference, held in St.
CaPFA's first aim is to further develop the professionalism of those involved
in public finance management in the Caribbean.ky .

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It is the largest GSM operator in the region.
"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.

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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.