Telecoms

Denis O’Brien to name Digicel successor after debt-restructuring process

Digicel chairman will see stake in firm reduce to 10 per cent upon completion of restructuring

Denis O’Brien, founder and chairman. Picture: Maura Hickey

Denis O’Brien, the founder and chairman of Digicel, will name his successor soon, the Business Post has learnt.

The Irish entrepreneur will announce his successor upon the completion of the ongoing debt-restructuring process, a Digicel spokesperson confirmed to this newspaper.

Digicel’s underlying revenue has been declining in recent years. Where it had revenues of around $2.8 billion in 2015, that has since fallen to $1.76 billion in the most recent full-year to the end of ...