Caribbean mobile group Digicel has raised USD150 million to support expansion in Trinidad & Tobago and Haiti, the company said in a statement. It arranged a corporate bond led by investment banks Citigroup and JP Morgan Chase, adding to the USD300 million it raised in July 2005. The new bond carries 8.625% interest and both bonds are to be paid off by September 2012. Digicel invested an initial USD190 million in launching its Trinidad & Tobago GSM network in April this year, and has invested USD130 million in its Haitian mobile operations, launched in May; it has committed to investing at least a further USD50 million in Haiti. Based in Jamaica, Digicel has invested a total of USD1.25 billion to become the largest GSM provider in the Caribbean, with operations in 20 markets and more than two million subscribers.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors