Denis O'Brien's huge cost-cutting drive at his flagship mobile phone company

Digicel is inextricably linked with Denis O'Brien's fortune – but has that tap been turned off now?

Denis O'Brien

There is a saying in corporate life: no one ever gets sacked for hiring McKinsey.

The management consultancy specialises in helping companies drive growth and slash costs.

It is no surprise, then, that Denis O’Brien has retained it (along with Goetzpartners) to help him cut the massive debt pile at his Digicel Group.

Within hours of the appointments becoming public, there was a rebound in Digicel’s bond prices. The company’s bondholders, who have ...