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General

Digicel agrees USD 150 mln credit facility - report

Wednesday 31 August 2016 | 11:23 CET | News
Bermuda-based telecommunications group Digicel has secured a USD 150 million banking credit facility to boost its financial flexibility after it scrapped plans to raise up to USD 2 billion in an IPO, reports the Irish Times. The company, which provides communications services in 33 markets in the Caribbean and South Pacific, said it was abandoning the IPO back in October, but it formally withdrew its plan to list on the New York Stock Exchange on 26 August, according to a US Securities and Exchange Commission filing.

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Categories: General
Companies: Digicel
Countries: Caribbean / World
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