Digicel To File For Bankruptcy
May 18, 2020 | Hopeton O’connor-Dennie |
Communications giant Digicel has reportedly filed for bankruptcy in a Bahamian Court. International service firm KPMG has been appointed liquidator.
The communications giant started operating almost 20 years ago. They have about 14 million customers. Their growth has been rapid. They also operate outside of Jamaica across the Caribbean, Central America and Asia Pacific and can easily be referred to as an International phone company.
Financial Difficulties
Digicel has been having stiff competition from Flow a local phone company that is also across the Caribbean.
Downgrade
Digicel recently defaulted on a loan and was downgraded by one of the international rating agencies.
Details were sketchy at press time.
We will update you as details are made available.
Hopeton O’Connor-Dennie is Senior National & International Correspondent for Vision Newspaper
Alwin Marshall-Squire is the Editor-in-Chief of S-Q Publications Inc., overseeing editorial strategy for GTA Weekly, GTA Today, and Vision Newspaper. He leads the publications’ mission to deliver bold, original journalism focused on the people and communities of the Greater Toronto Area, Canada, and the global Caribbean diaspora.
Also writes for GTA Weekly and GTA Today.
