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Digicel abandons plans for IPO
2015-10-07 10:48:00| Telecompaper Headlines
(Telecompaper) Digicel Group, provider of communications services in 31 markets in the Caribbean and South Pacific, has decided not to proceed with its planned IPO at this time. Despite significant support from a number of investors during the marketing period, Digicel has decided that current conditions, especially in emerging markets, make an IPO a less attractive option for the company. Chairman Denis O'Brien said that an IPO was and predicated on achieving fair value for the company. He said the company's growth plans remain unchanged and that it remained in a strong position to exploit areas of interest in data, business services, cable TV and broadband.
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Category:Telecommunications