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6/24/2005 
CINGULAR DENIES LEAVING CARIBBEAN BECAUSE OF LOSSES OR ...  
BRIDGETOWN, Barbados: Cingular Wireless says it sold its operations in the Caribbean not because of losses or poor performance in the market, but because its business focus is solely now on doing business in the United States.

Cingular’s Executive Director of Media Relations, Mark Siegel insisted that Digicel was the right buyer at the right time for a variety of reasons and his company made the deal that seemed most appropriate.

“Our focus as a business is in the United States and it is not to own wireless properties outside the United States and that’s the only reason for the sale,” he said, speaking in Antigua on Wednesday after the deal was officially announced. “When you have a strategy, it causes you to do certain things or stop doing certain things and that’s the lens through which we view all of the items in our portfolio and that’s why we made this decision.

Mr. Siegel also assured Cingular customers that it has made a conscious effort to ensure that their service would not be disrupted or compromised after the Digicel buy-out.

“That has been at the top of our minds as we have been thinking about this transaction and now finalizing this transaction. We want people to feel comfort in the fact that they will be able to continue to use their wireless phones because it’s such a vital part of everyone’s life,” he said.

Reprinted from Caribbean Net News
caribbeannetnews.com

 

 


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CINGULAR DENIES LEAVING CARIBBEAN BECAUSE OF LOSSES OR ...