Home › Digicel files for bankruptcy under debt restructuring plan
 

Keywords :   


Digicel files for bankruptcy under debt restructuring plan

2020-05-20 09:13:00| Telecompaper Headlines

(Telecompaper) Caribbean-focused operator Digicel has filed for bankruptcy court reorganisation as part of its plan to reduce debt, cut financing costs and extend debt maturities, reports ABC News, citing company spokesman Pat Walsh. "It is business as usual," said Walsh, adding that the Chapter 15 filing in New York would not affect operations in the 32 markets that the company serves from its headquarters in Jamaica. A hearing in the Chapter 15 bankruptcy case is scheduled for June, added the report.

Tags: plan files debt bankruptcy

Category:Telecommunications

Latest from this category

All news
12.12AI in Financial Services 2025: Turning Intelligence Into Impact
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
Telecommunications »
16.12UK unemployment rate rises slightly to 5.1%
16.12Empty shelves fill food hub volunteers with dread
16.12Nissan begins building new Leaf in UK
16.12Ben & Jerry's row deepens as three board members removed
16.12Meet the biggest heat pumps in the world
16.12UK launches taskforce to 'break down barriers' for women in technology
16.12Thousands of drivers wrongly fined for speeding since 2021
16.12Ford to scale back electric vehicle plans, taking $19.5bn hit
More »