Digicel Planning To Buy ICT Company

According to The Irish Times, Digicel is planning to purchase IDOM Technologies, an information and communication technology (ICT) business operating across French overseas territories in the West Indies and Indian Ocean. Financial details of the deal – which remains subject to regulatory approval – are unknown at this time.

IDOM provides ICT services to several hundred businesses and public sector customers. The deal also includes IDOM’s 265km of fibre-optic network across Martinique, Guadeloupe, French Guiana and La Reunion.

“Business Solutions is one of the fastest growth areas across all of our markets and this acquisition of IDOM Technologies represents an excellent strategic fit for Digicel and also speaks directly to our intentions to grow and expand our presence in the burgeoning ICT solutions space,” said Colm Delves, chief executive of Digicel.

Source: The Irish Times

 

Staff Leave Digicel Operation

GEORGE TOWN, Cayman Islands – Employees with Digicel’s Cayman operation have started to leave as a part of the company’s plan to restructure its global operations.

According to The Cayman Reporter, a Digicel spokes-person confirmed that staff have already begun to leave, but declined to to say how many would go before before their quota is reached.

“Digicel can confirm that the first set of people whose applications to our Enhanced Voluntary Separation Programme were accepted left the business last week,” the spokes-person said.

“We would like to thank them for their valued contribution to Digicel and to wish them all the best for the future.”

“Please be clear that the 25 percent is a global figure and does not apply to individual markets – as such, we will not be breaking out the numbers for individual markets.”

Source: The Cayman Reporter

Digicel Raising Funds To Refinance Debt

Digicel, a leading provider of mobile services in the Caribbean, is at an advanced stage of raising more than $1 billion (USD) to re-finance loans that are due over the next two years.

On April 29, The Irish Times reported that the group’s subsidiary – Digicel International Finance Limited – “is raising $935 million in senior secured loans that are due to be repaid within the next five to seven years.” A $100 million revolving credit facility is also being sought. Proceeds will be used to pay an existing $856 million secured loan which must be repaid between March 2018 and March 2019.

The company recently announced a major restructuring programme in Feb 2017 which includes a significant reduction in employee head count.

Source: Irish Times

Digicel Somoa Employees Confused Over Seperation Package

SAMOA, Apia – Some employees at Digicel Somoa are confused as to how the “Enhanced Voluntary Separation Programme” works. The ESVP was initiated recently as part of Digicel’s 2030 Global Transformation Programme which includes re-designing the organisation, putting customers in control and delivering and amazing network experience.

Source: Samoa Observer