News Formal

Digicel paid $90 million to Denis O’Brien and related companies over three years

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The information is contained in filings submitted to the US Securities and Exchange Commission as part of a complex debt restructuring which will cut Digicel’s debt by $1.7 billion.

Digicel paid tens of millions of dollars to Denis O’Brien and related companies in the form of bonuses, private jet payments, and the rent on the company’s headquarters, new company filings show.

The filings show that O’Brien and companies connected to him were among the beneficiaries of $90 million paid out by the company over the last three years, including $26.2 million in aircraft costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Digicel paid $90m to O’Brien and companies controlled by him and everbody needs good NeighboursBusiness Today: the best news, analysis and comment from The Irish Times business desk
Source: IrishTimes - 🏆 3. / 98 Read more »