Digicel Group

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Declan Ganley (above) wanted the court to decide whether the claim against him was statute barred as it was brought some two-and-a-half years after the initial proceedings. Photograph: Brenda Fitzsimons

Businessman Declan Ganley has failed in a bid to have the High Court determine a number of issues before the full hearing of billionaire Denis O’Brien(...)

The phone group had planned at the start of April to get five categories of bondholders to write off $1.7 billion of its $7-billion-plus debt pile. Photograph: iStock

Denis O’Brien’s Digicel has abandoned plans to get holders of $925 million ($842 million) of bonds due for repayment in 2023 to take some pain in the (...)

Digicel has been forced under US bond laws to post filings with the SEC in relation to one of the new bonds being issued in the company’s planned debt exchange. Photograph: Ken Cedeno/Digital/Corbis

Denis O’Brien, who extracted at least $1.9 billion (€1.7 billion) in dividends from his Digicel phone group between 2007 and 2015, promised bondholde(...)

The Digicel debt restructuring   arrangement   has been described by credit ratings agency Moody’s as a ‘distressed debt exchange, which is a default’ in its books. Photograph: Corbis via Getty Images

Denis O’Brien’s Digicel phone group had a $4.2 billion (€3.8 billion) deficit on its balance sheet before it turned to bondholders in recent months to(...)

Digicel’s restructuring plan is aimed at wiping $1.7 billion of debt  in a process judged by Fitch to amount to a “distressed debt exchange”. Photograph: Ken Cedeno/Corbis via Getty Images

Businessman Denis O’Brien’s Digicel has revealed that more than 75 per cent of creditors holding almost $5.1 billion (€4.7 billion) of the group’s deb(...)

Denis O’Brien baulked at the prospect of handing over more than 50% of his empire to stock market investors.

Denis O’Brien scrapped a $2 billion (€1.85 billion) initial public offering of his Digicel phone group 4½ years ago, baulking at the prospect of handi(...)

 A Digicel store in Fiji.

Denis O’Brien’s telecoms group Digicel will not have to pay interest for a 30-day period on some $2.9 billion of its debt, the company has said. In (...)

A Digicel store  in Savusavu, Fiji. The Denis O’Brien-owned group told bondholders last month that its quarterly earnings fell 9 per cent to $210 million in the first quarter.

Six months after Denis O’Brien’s Digicel issued about $2.9 billion (€2.6 billion) of new bonds – a deal that effectively pushed out debt repayments – (...)

Global investors have become more cautious about emerging markets. Photograph:   Ken Cedeno, Corbis via Getty

It’s hardly the best time for Denis O’Brien to be looking for a finance chief for his Digicel Group. The highly indebted group saw Fitch, one of the(...)

Ray Leclercq is expected to return to the UK. He was previously CFO of Dutch software firm Unit 4 and also worked at various senior levels at British telecommunications group BT.

The value of bonds in Denis O’Brien’s Digicel Group dropped on Wednesday as investors reacted to a decision by the phone group’s chief financial offic(...)

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