GIGANTIC RATE CUTS!
All Cable Mobile Customers to benefit

Following a series of innovative enhancements, which have enabled Cable & Wireless customers to benefit from major improvements over the last 15 months, Cable & Wireless has announced today that it is reducing its mobile rates & rentals for all post-paid and prepaid customers by up to a staggering 50%.

What's new with Postpaid …?

As from 16th of February 2006, all existing Cable & Wireless post-paid customers will now reap major benefits from MyChoice and MyChoicePlus, two brand new mobile packages with hot rates and rentals. With these packages, the Company is also the first to offer new "super off-peak rates" as low as 39 cents per minute from 11pm to 6am, 7 days a week. Even better, the company now guarantees free minutes every month for every single existing and new postpaid customer! Below are the new rates, packages and free minutes as compared to the previous offerings:

All rates above are per minute (inclusive of GST) with changes in call rates and free minutes applicable to local calls only (excluding calls to the outer islands, to premium service numbers and to the "Directory Enquiry" service). Other terms and conditions apply to the new packages.

Existing customers on the Busy Bird, Home Bird and Sea Bird mobile packages will, as from the 16th of February, enjoy the advantages of the MyChoice package, with existing Free Bird customers experiencing the new benefits that MyChoicePlus will bring.

. . . A Prepaid delight!
In addition to the reductions on postpaid, all Cable Prepaid customers will also benefit from massive rate reductions by up to 30%, also effective from 16th February, with a new super off-peak rate at just 99 cents per minute! As is the case with postpaid, this incredibly low rate can be enjoyed from 11pm to 6am, by all prepaid customers (standard package only), 7 days a week!

Below are the new rates as compared to the previous offerings:

These significant reductions will enable all prepaid customers to talk more for less, whilst still reaping the added benefits of free extra talktime on all SR100 (extra SR10 free talktime) and SR200 (extra SR30 free talktime) Extra Value Cards. What this means is that customers get an extra 10% reduction in price, over and above the rate cuts, bringing the total value benefit for prepaid to 40%!

Personally thrilled and excited with these changes, CEO Usman Saadat, said: "Cable & Wireless is overjoyed to pass on such huge reductions for the benefit of its mobile customers across the board! The company is immensely proud to be the only operator that now offers the best off-peak rates, new unmatched super-off peak rates, the lowest postpaid rental, free minutes for every single postpaid customer, a choice of prepaid and postpaid packages plus a whole lot more! All this clearly demonstrates Cable & Wireless' commitment to sharing our success with you, our customer, whilst providing you with the best value-for-money! We now look forward to bringing the advantages of a new, state-of-the-art network to your fingertips! "

… Recent developments & improvements
In November last year, the company announced a SR35 million investment plan that will see the implementation of a brand new GSM/GPRS (2.5G) mobile network, which is also third generation (3G) capable by mid 2006. The new network will enhance the company's overall mobile offering that will soon allow customers to revel in the joy that advanced value-added services like MMS (Multimedia Messaging), WAP (Mobile Internet Browsing) and GPRS data services bring. As recently as January this year, Cable & Wireless fully acquired Atlas (Seychelles) Ltd., a leading local Internet Service Provider, in its aim towards providing for all customer communication needs under one roof. Last year also saw the company offer its mobile customers extra value when it fixed its SMS rate at 45 cents per message making it the lowest rate for SMS in the country.