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

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