D-Day for Digicel
2020 looks likely to be a tricky year for Denis O’Brien as he tackles the debts of his telecommunications company, which owes its bondholders and lenders more than €6 billion
A little under a year ago, in January 2019, after a stand-off with his bondholders that had lasted months, Denis O’Brien’s mobile phone business, Digicel, had a moment to celebrate.
The bondholders had accepted a restructuring that would give the company a bit of time to turn its fortunes around. That victory was about the only highlight in 2019 for one of Ireland‘s best-known businessmen.
O‘Brien didn’t have long to savour...
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