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DIGICEL GROUP COMPLETES NEW BOARD LINE UP

DIGICEL ANNOUNCES SUCCESSFUL CLOSING OF CONSENSUAL RESTRUCTURING OF THE GROUP S DEBT

Now gone from Digicel, Denis O Brien s future has never been less clear

After 23 years, O’Brien’s ownership of the Caribbean-based telecoms company is at an end. Will he ruminate on how he lost control of a truly great company or blame external forces?

Digicel announces closing of consensual restructuring of $3 8B group debt

BERMUDA Digicel Holdings (Bermuda) Limited, together with its subsidiaries and its board of directors, have announced that it has successfully completed its financial restructuring. According to a news release on Monday, the restructuring has allowed the group to reduce its consolidated debt by some $1.7 billion. Its annual cash interest is also expected to be reduced by approximately $120 million. The group also highlighted that the restructuring “marks an.

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