Digicel to Fund Central American Operation with $215 million

Digicel Group will acquire 35.8% of Digicel Holdings Central America Limited (DHCAL) for $215 million.

Thursday, March 12, 2009

DHCAL is the owner of Digicel mobile phone operations in Honduras and Panama, where it began operating in November and December 2008 respectively.

The money will come from a placement of $335 million in Digicel Group corporate bonds.

Colm Delves, CEO of Digicel Group Ltd., said, "We are very happy with the agreement which will enable Digicel Limited to acquire a percentage of the Central American operations which will boost our growth in the coming years."

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