Digicel raises USD150 million to fund Haiti, Trinidad & Tobago expansion

4 Aug 2006

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.

Haiti, Trinidad and Tobago, Digicel (Trinidad and Tobago), Digicel Haiti