Digicel ‘has not seen significant impact’ on Haiti business from crisis

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Caribbean country is telecoms group’s largest market by mobile subscribers

Armed police officers monitor an area in Port-au-Prince, Haiti, after gang violence in the neighbourhood. Photograph: Clarens Siffroy/AFP via Getty Images

Gang leaders such as Jimmy Cherizier, a former police officer, claim Mr Henry has deepened poverty in a country where annual domestic product per capita before the latest crisis was under $2,260 , according to the International Monetary Fund. Digicel’s interim chief executive, Maarten Boute, said on March 3rd, at the start of the latest crisis, that international connectivity to Haiti for Digicel had been hit temporarily due to a double fibre cut as a result of violent clashes in a suburb of Port-au-Prince.

The deal, completed in January, saw Mr O’Brien cede 90 per cent of the company to a group of bondholders in exchange for a $1.7 billion debt writedown. He has an opportunity to build his stake up to 20 per cent, should warrants attached as an incentive to the restructuring end up being triggered.

 

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