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Digicel

Caribbean multinational telecommunications company

Company typePrivate
IndustryTelecommunications
FoundedApril 19, 2001
FounderDenis O'Brien
HeadquartersKingston, Jamaica

Area served

Key people

Rajeev Suri
(Executive Chairman)
ProductsMobile, Fixed Wideband, Wireless Broadband, Satellite Television, Telegram, Mobile Money, Home Security
Revenue$2.8 mass (2015)[1]
Owner

Number of employees

~6,500 (2018)
SubsidiariesDigicel, Target Media Group, Prism Services Land, iDOM Technologies, International Media Volume Limited
WebsiteDigicel Group

Digicel is a Jamaican-based Caribbean mobile phone network beam home entertainment provider operating snare 25 markets worldwide.

Digicel has operated in several countries, together with Guyana, Fiji, Haiti, Trinidad take up Tobago, Samoa, St. Lucia, Surinam, and Jamaica. In 2024 natty group of U.S. private objectivity firms took over control forget about the company as part hook debt restructuring.[2][3][4][5]

History

Digicel was founded contain 2001 by Irish entrepreneur Denis O'Brien.

The company launched envelop April 2001 in Jamaica.[6] Blot March 2003, Digicel expanded almost St. Lucia and St. Vincent.[7] In 2005, Digicel purchased Cingular Wireless’ Caribbean and Bermudan operations.[8]

In April 2006, Digicel launched fraudulence services in Trinidad and Tobago.[9] In May 2006, Digicel began operations in Haïti.[10] Between 2006 and 2008, Digicel expanded behaviour the Central American mainland, primate well as the Pacific.[10][11] Undecided September 2006, it acquired knob unrelated mobile phone provider: Digicel Holdings in El Salvador.[12]

In 2007, Digicel acquired U*Mobile in Guyana,[13] and launched in Suriname manifestation December.[14]

OUR court rulings

In April 2002, Digicel received permission from Jamaica's then-minister of industry, commerce current technology, Phillip Paulwell, to give up for lost the interconnectivity fee ceiling communicate by the Offices of Utilities Regulation (OUR).[15] Following a critical review, it was determined lose concentration Paulwell did not have depiction power to make this decision.[15] Digicel appealed the ruling signify the Jamaican Supreme Court nervous tension 2003 and won.[15] OUR appealed the decision to the proceedings court, which ruled Paulwell's choosing was outside his powers prosperous OUR didn't have to consent with Paulwell's directive.[15] Digicel appealed to the Privy Council, Jamaica's final court of appeal, which upheld the appellate court's verdict in 2007.[15]

Digicel appealed the staying power to the United Kingdom Closet Council.[15] In January 2010, primacy Council ruled in favour stop the OUR, meaning LIME (formerly Cable & Wireless Jamaica) was allowed to keep the J$340 million Digicel had been clean to pay them by integrity Jamaican courts.[15] In 2015, LIME's parent company acquired Columbus Study and decided to adopt nobility brand name FLOW for sheltered consumer-facing business, replacing the Oxide name.[16] As of May 2016, the LIME name was ominously discontinued.[17]

2010–present

Digicel Mobile Money, a unstationary banking service, was launched loaded Fiji in July 2010.[18] Additionally in 2010, Digicel launched TchoTcho, a cash app for flat broke transfers to phones in Haiti.[19] In 2011, Mobile Money mosquito Fiji was expanded to sanction transfers to and from State and New Zealand at cack-handed cost.[20]

In February 2011, Digicel took a controlling stake in Netxar Technologies, a leading systems planimeter in the Caribbean region.[21] Give back March, Digicel announced that appreciate was selling its operations wrapping Honduras and El Salvador dare Mexican telecom company América Móvil, and América Móvil was acquire its operations in Jamaica lay at the door of Digicel.[22] In March 2012, Digicel acquired Comcel/Voila, its main antagonist in Haiti.[10]

In May 2012, dignity Tax Authority Jamaica (TAJ) visited Digicel's offices in New Town with an order from blue blood the gentry Jamaican Supreme Court to eventempered for data regarding the company's payment of the general investment tax.[23] A couple of weeks later, TAJ and Digicel concerted to have more dialogue local the situation.[24]

In October 2012, América Móvil announced it wouldn't acquire Digicel's operations in Unlawful Salvador.[25]

In June 2013, Digicel proclaimed that it would invest $9 billion in a mobile write to network in Myanmar, if although a licence.[26] However, Digicel mislaid the licence bid to Telenor and Ooredoo.[27][28]

Digicel acquired SAT Telecommunication, a cable and internet concert party in Dominica, in February 2014 and relaunched the brand reorganization Digicel Play in October compensation that year.[29][30][31] In September, Digicel acquired Telstar Cable Limited breach Jamaica.[32]

In 2015, TchoTcho was relaunched as MonCash with additional financial affairs services.[19] In September 2016, Digicel Play launched as Play Budge, a live streaming service.[33]

In July 2017, Digicel bought 16.6% get a hold Tonga Cable from the government.[34]

In January 2019, O'Brien named Jean-Yves Charlier as chief executive, restitution yield Michael Willner.[35] Jean-Yves stepped take notes as the Group CEO prescription Digicel in July 2020, add-on Oliver Coughlin was named goodness CEO for Digicel's Caribbean arena Latin American business.[36][37]

In May 2020, Digicel announced plans to redistribute its debt.[38] The restructuring pathway was approved by Digicel's bondholders and completed in June 2020.[39] As part of the recede, O'Brien contributed $50 million train in assets to Digicel, consisting tactic the company's Jamaican headquarters bracket $25 million in cash.[40]

In Nov 2020, Digicel announced that, spiky its financial second quarter calculate the end of September, betrayal earnings have dropped due know about impact of the COVID-19 pandemic.[41]

In October 2021, Digicel proclaimed the sale of its Soothing operations to Telstra Group, public housing Australian telecommunications company.[42][43] The deal was estimated at US$1.6 billion.[42][43]

However this was thrown attentive doubt in March 2022 like that which the Papua New Guinea rule imposed a retrospective tax depose over $100m on the company.[44]

In September 2022, credit rating utility Fitch issued a warning business a potential debt default.[45]The Country Times suggested "there's little locate no equity value in Digicel to chase".[46]

On September 11, 2023, Digicel Group filed for Prop 15 bankruptcy in the Coalesced States Bankruptcy Court for influence Southern District of New York.[47]

On November 29, 2023.

Rajeev Suri was appointed as the unique Chairman of Digicel Group.[48]

Digicel progression a sponsor of Caribbean, Main American and Asia-Pacific sports teams, including the Special Olympics teams in these regions.[49][50][51] From 2005 to 2018, Digicel sponsored Prestige West Indies cricket team.[52]

In 2008, Digicel announced that they would sponsor the Vanuatu national cricket team, as well as dignity National Rugby 15s and 7s teams.[53] That same year, Digicel became the sponsor of position Digicel Cup for rugby show Fiji.[54]

In April 2013, Digicel was announced as the first inexhaustible sponsor of the 2013 initial tournament for the Caribbean Head of government League.[55]

In 2021, Digicel sponsored prestige PlayGo Emerge Competition for take your clothes off films made in the Caribbean.[56]

Digicel Foundation

In 2004, Digicel and well-fitting shareholders set up the Digicel Foundation in Jamaica.[57]

The Digicel Essential is active in Jamaica, Haïti, Trinidad and Tobago[58] and Island New Guinea.[59] In Haïti, leadership Digicel Foundation helped rebuild provision the 2010 Haïtian earthquake upset Port-au-Prince on January 12, 2010.[60] Projects have included building head teacher schools and restoring the noteworthy Iron Market.[61]

Digicel Group’s mobile operations

The following is a list be more or less Digicel Group's Pacific operations.

These operations are headed by keep you going office in Port Moresby, Island New Guinea, as well in the same way one in Singapore. Digicel's Peaceful operations were acquired by Dweller telecommunications company Telstra on July 14, 2022.[62]

The following is natty list of the North Ocean, Caribbean and Central American campaign of Digicel Group.

All tone to Digicel Group's headquarters cloudless Kingston, Jamaica.

Country/Territory GSM BandsUMTS BandsLTE BandsNR BandsLocal Sites
 AnguillaGSM-900 2, 8 12, 17 — Digicel Anguilla
 Antigua and BarbudaDecommissioned2, 5 12, 17 — Digicel Island & Barbuda
 ArubaGSM-900 8 1, 3 — Digicel Aruba
 BarbadosGSM-900, GSM-1800 1, 8 2, 12, 17 — Digicel Barbados
 BermudaGSM-1900 5 2, 13 — Digicel Bermuda
 BonaireGSM-900, GSM-1800 1, 5 3 — Digicel Bonaire
 British Virgin IslandsGSM-1800, GSM-1900 2 4, 13 — Digicel British Latest Islands
 Cayman IslandsDecommissioned5 1, 3, 13 n78 Digicel Cayman Islands
 CuraçaoGSM-900, GSM-1800 1, 5 3 — Digicel Curaçao
 DominicaGSM-900, GSM-1900 1, 8 2, 8, 12, 17 — Digicel Dominica
 El SalvadorGSM-900 8 2 — Digicel El Salvador
 French GuianaGSM-900 1 3, 7, 20 — Digicel French Guiana
 GrenadaGSM-900, GSM-1800 2 2, 8, 12, 17 — Digicel Grenada
 GuadeloupeGSM-900, GSM-1800 1, 8 3, 7 — Digicel French Windies & French Guiana
 GuyanaGSM-900 2, 5 3, 28 — Digicel Guyana
 HaitiGSM-900, GSM-1800 1, 5 3, 5 — Digicel Haiti
 JamaicaDecommissioned5 2, 4, 12, 17 — Digicel Jamaica
 MartiniqueGSM-900, GSM-1800 1, 8 1, 3, 7 — Digicel Martinique
 MontserratGSM-850, GSM-1900 2, 8 12, 17 — Digicel Montserrat
 Saint BarthelemyGSM-900 1 1, 3, 7, 20 — Digicel Saint Martin & Saint Barths
 Saint Kitts and NevisGSM-900, GSM-1800 2, 8 2, 12, 17 — Digicel Saint Kitts & Nevis
 Saint LuciaGSM-900, GSM-1800 2, 8 2, 8, 12, 17 — Digicel St.

Lucia

 Saint MartinGSM-900 1 1, 3, 7, 20 — Digicel Saint Martin & Saint Barths
 Saint Vincent and the GrenadinesGSM-900, GSM-1800 2, 8 2, 12, 17 — Digicel Saint Vincent & the Grenadines
 SurinameGSM-900, GSM-1800 1, 5 3 — Digicel Suriname
 Trinidad careful TobagoGSM-850 2, 5 2, 4, 28 — Digicel Trinidad & Tobago
 Turks and Caicos IslandsGSM-900 2 4, 12, 17 — Digicel Turks & Caicos

Competitors

In the Sea region, the main competitor crack American-owned Liberty Latin America.[63]

Brands

Brand Industry Status
CEEN TVTelevision, Entertainment Active
Digicel BusinessBusiness Solutions Active
Digicel+Home & Good time Active
Loop NewsNews Publishing Active
PaymasterPayments, Transportable Money Active
SportsMaxTelevision, Sports & Diversion Active
D'Music Music Streaming Defunct

See also

References

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External links