Debt levels at O’Brien’s Digicel hit $6.4 billion

Revenues fall as local currencies in key markets come under pressure

29th May, 2016

Digicel, the Caribbean mobile phone empire controlled by Denis O’Brien, saw its debt levels hit $6.4 billion (€5.74 billion) at the end of last year, while revenues fell amid pressure on currencies.

Movements in the local currencies in key markets including Haiti, Papua New Guinea and the French West Indies, meant a 2 per cent fall in revenues over the nine months to the end of March. Digicel reports its financial results in US...

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