Denis O’Brien
It’s been a tough year for many people.
But please think of those suffering at this time in the Third World.
Digicel’s €6.2 billion debt is at “unsustainably high levels” at 6.2 times earnings at the group, Michael Chakardjian, an analyst with US credit research firm CreditSights, said at a conference in London this week.
He also said that the company’s cost-cutting plan was ambitious and opaque and that the company faces “near-term refinancing risks”.
Digicel said on Friday that it “fundamentally disagrees with the conclusions”, and has a positive outlook.
…The Bermuda-based company, which operates in 32 markets in the Caribbean and South Pacific regions, is in the middle of a third year of earnings decline, with its latest quarterly figures, to the end of September, hit particularly by currency weakness in several of its markets against the dollar…
Denis O’Brien’s Digicel turns to consultants to help slash costs, debt (Irish Times)
He could ask Michael for the money back.
Has he asked his underlings in FG to sort out the usual writedown/bailout yet?
Asking would be vulgar; he’s awaiting the offer. Won’t be long coming.
I guess that was one person who was really sorry not to see Hillary Clinton become president. I think he may be outside the tent Globally , I wonder will he refocus his efforts here…
He can just put all the cash he took out of the company back in and they should be fine.
Although it would mean selling The Beacon, Actavo (Siteserv), Communicorp, Aergo, INM shares, and maybe the private jet.
That should cover the “$291 million of loans maturing in the year to March 2018”.
I keep telling ye, he’s broke and the bondholders are circling….
when you owe that sort of wad, you can’t be broke. he’ll be forcing governments to throw taxpayer’s cash at his debts for years to come.
I can’t imagine he’s a popular man in general. That’s a hindrance in business when you hit hard times. People have long memories.
he doesn’t give a damn if he’s liked or not, he only cares about the next shilling
Bermuda is lovely at this time of year.
LOL…. the man’s out of his bleedin’ lolly… LOL!
Maybe there is a God there after all.
Ah, lads, I, I’m tearing up here – stop playing on my emotions ;-)
How much would he get for INM with their reduced pension liability?
He must be struggling, they’re definitely supermarket jeans.
B1tchy
But it suits you sir
Maybe 2017 will get off to a good start… here’s hoping!
God love him; he looks like he hasn’t eaten for minutes.
(out of shot: INM “pensioners”)