Digicel

Pension auto enrolment, Russian cyber attacks, and Kirsty Wark on leaving Newsnight

The best news, analysis and comment from The Irish Times business desk

State earmarks offices in docklands should it win bid to host EU Anti-Money Laundering Association

Ibec’s podcast sponsorship, Collison’s Abbeyleix charity event, new roles for Altada’s co-founders, NTMA’s land deal in the docks and Digicel’s sports channel in the Caribbean

Digicel CEO to step down in December with Denis O’Brien to announce successor as chairman in ‘coming weeks’

Oliver Coughlan retires as Digicel chief executive in December, with COO Maarten Boute assuming role on interim basis

O’Neill’s bemoans impact of shorter GAA season on replica jersey sales

O’Neill’s jersey sales, media regulator’s new hires, insolvency fun in Amsterdam, Tirlán recruits McConalogue’s adviser

Digicel paid O’Brien and linked firms $90m in past three years

Company’s debt restructuring documents show how parts of businessman’s empire have continued to benefit financially from offering services to the group since he stopped taking dividends eight years ago

Digicel pays Denis O’Brien-controlled group $10m for private jet use

Seen & Heard: Developers’ backstop; vacant site judicial review; RTÉ bailout; Biden’s bills; and Tesco store plans

Renault’s lack of sales from RTÉ sponsorship, Intel and state aid, and why Digicel ‘mainly’ hires culchies

Business Today: the best news, analysis and comment from The Irish Times business desk

Digicel mainly hires ‘culchies’, Denis O’Brien reveals

Dee Forbes and Munster Rugby, Garda College lands controversy, Eir CEO’s attack on ComReg, National Lottery could be on the move, GAA’s no-cash policy, and higher education headhunters

Denis O’Brien’s Digicel future, State to be minority investor in AIB and how to plan for a wedding

Business Today: the best news, analysis and comment from The Irish Times business desk

Denis O’Brien to stay on Digicel board amid $1.7bn debt write-off deal

Businessman to lose most of his stake in telecoms group

BNY Mellon sets up Dublin AI hub, Revolut’s Irish business customers, and tax-free gains

Business Today: the best news, analysis and comment from The Irish Times business desk

Digicel parent’s bondholders agree writedowns as wider deal for telco nears completion

Denis O’Brien-owned group expects to file for Chapter 15 bankruptcy protection as part of wider debt restructuring agreement

Little green left at troubled London Irish

Any Other Business: Denis and the Damsel in Distressed; economists in a spin over Higgins; Quinn Country’s second life; EI’s funding gap; two takes on Paddy Cosgrave

Digicel bondholders to grant up to $100m bridging loan amid restructuring

Investors due to have been repaid on March 1st agree further 30-day grace period with troubled firm

Digicel seeks extended grace-period on overdue debt amid wider financial restructuring

Digicel already received 45 days of grace on the debt pile and is set to be granted another extension

Jay Bourke to bankruptcy experts: ‘I’m broke, but I’m blessed’

Plus: Ireland’s most expensive magazine? And Denis O’Brien’s campaign on Caribbean slave reparations

Seen & Heard: An Post and Royal Mail resolves issue over UK parcel deliveries

Thousands of online purchases from smaller UK retailers had been returned each day post-Brexit

Digicel plans $50m transformation investment as creditors eye control

Denis O’Brien currently owns 99.9 per cent of the group

O’Brien finally runs out of road at Digicel as creditors swoop to capitalise

In return for a debt restructuring, the tycoon is ceding control of the Caribbean mobile phone company he founded in 2001

Denis O’Brien profile: high-flying career hits fresh turbulence

The telecoms magnate is expected to lose control of Digicel, his Caribbean telecoms group

Digicel debt saga: a timeline

Denis O’Brien’s mobile telecoms operator expanded fast, but has struggled to get on top of its debts in recent years

Denis O’Brien deal a significant blow, capping years-long battle to manage Digicel debt

Telecoms company agreed debt writedown as recently as 2020

Denis O’Brien set to lose control of Digicel in $1.8bn debt-cut plan

Businessman on track to cede control under plan agreed with a group of bond creditors

Digicel bondholders’ backs against wall as O’Brien returns for more debt relief

Joe Brennan: Only $315m of ‘standalone cash’ on group’s balance sheet as of December

Digicel downgraded by Fitch amid debt restructuring talks

Ratings agency says firm’s borrowing levels are ‘unsustainable’ relative to earnings

Digicel seeks grace period on $925m debt amid restructuring talks

More than 80% of Denis O’Brien-owned group’s $4.55bn of bonds and corporate loans due to mature by end 2025

Zara boss pulls out of deal for Meta’s Dublin HQ

Seen & Heard: Meta office deal scuppered; DJ’s debt deal criticised; Government to expand energy scheme; Lakeland eyes up ice cream-maker

Architect David Campion: ‘My biggest pet peeve? Clients who lack ambition’

Anchored in Barbados, the Dubliner has built an international architecture firm that straddles the Atlantic

Digicel wins damages, housing market cooling, NTMA weighs bond sale

Stay up to date with all our business news: sign up to our Business Today daily email news digest.

Digicel wins eight-year legal battle with US rival it accused of fraud

Denis O'Brien's Caribbean telco is awarded more than $10m over 'bypass fraud'

Debt worries, cost of living pressures and has globalisation worked?

Business Today: the best news, analysis and comment from The Irish Times business desk

Haiti, on the brink, focuses minds as O’Brien pleads for more time on Digicel debt

Firm in talks on third debt overhaul in four years as it targets holders of $925m of bonds due to be repaid next March

Denis O’Brien’s Digicel seeks to delay repayment of $925m of looming debt

Telecoms group had net debt of $4.2 billion at the end of September, equating almost six times its earnings over the preceding 12 months

Digicel warns on Haiti earnings as $925m bond deadline looms

Ratings agency Fitch sees “elevated” risks Digicel may need to restructure bonds

O’Brien has months to avert ceding almost 47% of Digicel to junk bondholders

Global debt markets have turned sour in the past eight months and junk-bond markets have fared the worst

Digicel eyes maturing $925m bond as earnings drop

Adverse foreign exchange movements drag guidance matching underlying earnings growth of 5% down to a 2% fall in profits

O’Brien’s Digicel indicates intention to make good on debt pledge

Move by Digicel to redeem bonds would reduce debt from about $5.7bn to $4.6bn

Digicel completes $1.6 billion Pacific unit sale

Deal closes as Digicel enters arbitration over a disputed $100 million ‘exit tax’ in Papua New Guinea

Digicel expects $1.6bn Pacific unit sale within weeks as shock tax goes to arbitration

Denis O’Brien-owned firm’s full-year service revenues rose 4% to $2.2bn, as earnings grew at same pace

Digicel bonds due next year slide to 72c on the dollar as risks mount

Ratings agency Fitch says Digicel ‘faces significant refinancing risk’ with its 2023 bonds

YOU MAY ALSO LIKE...

The Irish Times ePaper

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people

Common Ground

How does a post-Brexit world shape the identity and relationship of these islands