Digicel completes USD408 million funding deal

8 Mar 2005

Digicel, which provides mobile services in the Caribbean, has completed a USD408 million syndicated funding agreement led by New York-based Citigroup. The deal includes USD120 million in new debt capital to fund Digicel’s growth and acquisition strategy. Digicel operates in Aruba, Barbados, The Cayman Islands, Grenada, Jamaica, St. Lucia, St. Vincent and the Grenadines, and claims around 60% of the Caribbean mobile market.

Jamaica, Digicel (Jamaica)