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
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...
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