Digicel files for bankruptcy

Digicel Chairman Dennis O'Brien


Regional telecommunications giant Digicel has filed for bankruptcy before the Bermuda courts, but it insists that its day-to-day operations will not be affected by the filing.

The bankruptcy filing involves the appointment of three provisional liquidators from KPMG, the global services company.

Coming days after the company implemented a group-wide salary reduction, the move is being seen as part of Digicel’s attempt to restructure US$1.6 billion of its estimated US$7 billion debt.

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  1. After chargeing people so much with crappy service and now y’all want to say y’all broke just give me an asprain. I see these big coperations like to take advantage of poor people and then hide behind these “crisis” and look for bailouts.

  2. That’s who black people have been fattening up and channeling their monies to?? Wow. Exorbitant fees, mediocre customer service and an imported Tulloch smoking cigarettes outside the Friars Hill Rd branch.

  3. It’s only debt restructuring folks, hold your underwear. Many company file bankruptcy to restructure debt to force a better financing deal.

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