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Islandcom Telecommunications Ltd., Turks & Caicos Islands

Islandcom Telecommunications Ltd., Turks & Caicos Islands (2007) (www.islandcom.tc) – Islandcom Telecommunications Limited, is a start-up mobile network operator (MNO) focused on the Turks and Caicos Islands, in the British West Indies, and is the first MNO to integrate CDMA and GSM technology on a single platform. Optima Wireless was a founding partner in 2004 and in addition to its share holding, took on the implementation role of all technical and commercial aspects from start-up preparations in 2005, through to a successful exit. In October 2008, we proudly announced the sale of a strategic stake in Islandcom Telecommunications to Bermuda Digital Communications Ltd. (BDC), a subsidiary of Atlantic Tele-Network, Inc. (NASDAQ: ATNI – News), which operates in Bermuda under the CellularOne brand.

Optima Wireless completed four rounds of funding for Islandcom over the 2006 to 2007 period including seed funding from Optima Investments BV, two equity rounds and debt financing from the main network supplier on favourable terms.