[June 22, 2005] Cingular Wireless Sells Bermuda and Caribbean Assets to Digicel Tweet ATLANTA, June 22 /PRNewswire/ -- Cingular Wireless, a joint venture between SBC Communications Inc. and BellSouth Corp. , announced today that it is selling its operations and licenses in the Caribbean and Bermuda to Digicel Limited. The parties have also entered into a roaming agreement that provides favorable roaming rates in each other's markets. Under the terms of the agreement, Cingular will sell to Digicel former AT&T Wireless properties, including licenses, network assets, and subscribers, in the following markets: Barbados, Bermuda, Cayman Islands, Antigua and Barbuda, Anguilla, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines. In addition, Cingular will sell its cellular licenses in Curacao, Jamaica and the French West Indies. Financial terms were not disclosed. Closing of the transaction is contingent upon approval from each nation's regulatory authority. ABOUT CINGULAR WIRELESS Cingular Wireless is the largest wireless carrier in the United States, serving 50.4 million customers. Cingular, a joint venture between SBC Communications Inc. and BellSouth Corporation , has the largest digital voice and data network in the nation -- the ALLOVER(SM)network -- and the largest mobile-to-mobile community of any national wireless carrier. Cingular is the only U.S. wireless carrier to offer Rollover(SM), the wireless plan that lets customers keep their unused monthly minutes. Details of the company are available at http://www.cingular.com/ . Get Cingular Wireless press releases e-mailed to you automatically. Sign up at http://www.cingular.com/newsroom . ABOUT DIGICEL Since its launch in 2001, Digicel has become the fastest growing mobile telecommunications operator in the Caribbean. 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. 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. Digicel is incorporated in Bermuda and operates in 9 countries including Aruba, Barbados, Curacao, The Cayman Islands, Grenada, Haiti, Jamaica, St. Lucia, St. Vincent and the Grenadines. It is the largest GSM mobile operator in the region and plans to extend its footprint into other Caribbean countries. 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. Visit http://www.digicelgroup.com/ for more information on Digicel. Cingular Wireless CONTACT: Clay Owen of Cingular Wireless, +1-404-236-6153, [email protected] ; or Jill Wallis of Cohn & Wolfe, +1-212-798-9837, [email protected] , for Digicel Web site: http://www.cingular.com/http://www.cingular.com/newsroomhttp://www.digicelgroup. com/ [ Back To TMCnet.com's Homepage ]