Digicel IPO is back in play as O’Brien to slash debt by $1.4bn

The tycoon could try again to float his mobile phone company following the sale of its Pacific arm to Australian giant Telstra

31st October, 2021
Digicel IPO is back in play as O’Brien to slash debt by $1.4bn
The sale of the business will give Digicel some much-needed flexibility on its balance sheet, and has prompted some market analysts to speculate that Denis O’Brien may make a second attempt at an IPO for his company. PIcture: Fergal Phillips

Denis O’Brien will use the $1.4 billion net proceeds from the sale of Digicel’s Pacific business to slash its bloated debt burden by 25 per cent and secure his near-100 per cent control of the company, the Business Post understands.

The move also paves the way for the billionaire businessman to make a second attempt to tap US stock markets with an initial public offering (IPO) of Digicel in the coming...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Turnover down 38% at Airbnb’s Irish unit as Covid hits revenue