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Digicel says debt-swap discussions going well

Digicel chairman Denis O'Brien Carlos Ghosnsays discussions are going well as the telecoms company seeks to agree to a swap deal with bondholders.
 
The deadline for bondholders to accept the swap offer has been extended a number of times as negotiations continue.
 
In an interview with Bloomberg Television Mr. O'Brien said Digicel knew the process would be lengthy because of the different views of investors and efforts are being made to reach consensus. 
 
After the swap offer was made, a group of Digicel bondholders seeking better terms was formed.
 
On Digicel's performance, Mr. O'Brien said the company had spent US$2.3 billion on capital expenditure in the last four years, including the implementaton of fibre-optic networks.
 
He added that the company feels that it can now increase profitability.


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