Digicel raises $150 million
Caribbean mobile operator Digicel Group announced it has raised $150 million in capital through a corporate bond offering that will be invested in its ongoing growth and further expansion in Trinidad & Tobago and Haiti. Investment banks Citigroup and J.P. Morgan Chase led the bond round.
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"We will continue to aggressively expand our services in Trinidad & Tobago and Haiti, as we have seen tremendous acceptance by our mobile customers in these markets, which, in turn, has led us to significantly increase our investment in both of these countries," said Digicel CEO Colm Delves, in a statement.
Earlier this month, the company launched services in Turks & Caicos and Bonaire. The carrier also had relied on bond financing for $300 million in July 2005.
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