Digicel Group Limited Announces Private Placement of Senior Notes

Digicel Group Limited Announces Private Placement of Senior Notes

February 14, 2007

    KINGSTON, Jamaica, Feb. 14 /Xinhua-PRNewswire/ --
Digicel Group Limited, announced today its intent to launch
a private placement of $1.4 billion of senior notes due
2015.  Digicel Group Limited is a newly created Bermuda
incorporated company formed by Mr. Denis O'Brien, who
currently owns 78% of the shares of Digicel Limited on a
fully diluted basis.  In connection with the notes
offering, Digicel Group Limited is offering to acquire all
of the outstanding shares of Digicel Limited in exchange
for cash.  The share purchase offer will be financed by
funding from Mr. O'Brien and the issuance of the notes. 
Closing of the notes offering and the share purchase offer
will be conditioned upon each other.

    (Logo: 
http://www.newscom.com/cgi-bin/prnh/20070214/NYW066LOGO )

    The notes will be obligations of Digicel Group Limited
only and will not be guaranteed by Digicel Limited or any
of its subsidiaries.  Interest on the notes is expected to
be payable in cash, subject to a right by the issuer to pay
interest on a portion of the notes in kind at a higher
interest rate.

    The notes have not been and will not be registered
under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an
applicable exemption from registration.

    ABOUT DIGICEL: Since its launch in 2001, Digicel has
become the fastest-growing wireless telecommunications
operator in the Caribbean. Digicel has operations in twenty
two markets, including Anguilla, Antigua & Barbuda,
Aruba, Barbados, Bermuda, Bonaire, Curacao, The Cayman
Islands, Dominica, El Salvador, French Guiana, Grenada,
Guadeloupe, Guyana, Haiti, Jamaica, Martinique, St. Kitts
& Nevis, St. Lucia, St. Vincent and the Grenadines,
Trinidad & Tobago, Turks & Caicos and El Salvador.
Digicel also has a license in Guatemala and coverage in St.
Martin and St. Barths.


    For more information, please contact:

     Maureen Rabbitt 
     Digicel
     Tel: [phone]


SOURCE  Digicel