Denis falls to earth: The float that sank
Having marched Digicel up to the top of the IPO hill, Denis O’Brien abruptly marched it back down again. But why?
Denis O’Brien swept into the studios of CNBC last Wednesday morning. The tycoon was there to explain why, just hours earlier, he had unexpectedly cancelled the flotation of his Digicel mobile phone empire.
The interview caught many on the hop – including, it seems, the people at the financial news channel. The New York Times business journalist Stephanie Strom, who happened to be in the building at the same time, tweeted: “receptionist clearly...
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