Half of Digicel’s bondholders reject deal

Second group of bondholders yet to make their position known

Digicel has been weighed down with debt

About half the bondholders in Digicel who are being asked to extend the repayment date on their debt have grouped together and pledged not to accept the company’s current deal.

The bondholders formally communicated for the first time last week that they are working together to bring the Denis O’Brien-owned company back to the negotiating table.

The lenders, who include some of the world’s biggest investment funds, are prepared to negotiate with the ...