Denis, Digicel and debt
Three years ago, Digicel was preparing for a €10 billion flotation, but Denis O’Brien pulled the plug at the last minute. And now the problems are beginning to mount up for the Caribbean mobile phone operator and its tycoon owner
Three years ago, Denis O’Brien stood on the cusp of his biggest ever deal, one that would more than eclipse the cool IR£230 million he made almost two decades ago from selling Esat Telecom. Digicel, an upstart mobile phone company he had set up in 2001 and based in Jamaica, was on the verge of listing on the New York Stock Exchange. Although O’Brien wasn’t cashing out his chips, the valuation of the company would...
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