Telecoms tycoon Denis O'Brien is planning to buy out the minority shareholders in his Digicel telecoms company, in a deal that values the Caribbean-based mobile operator at $2.4bn (€1.83 billion).
O'Brien, who currently owns 78% of the shares of Digicel, is to raise a $1.4bn bond to buy out the remaining shareholders.
There had been recent specuatlion that O'Brien was planning a stock market listing in New York for Digicel, however his latest move to take the company 100% private means this is not on the cards.
The share purchase offer will be financed by funding from O'Brien and the issuance of the notes.
