Digicel is known to be incredible difficult to deal with. 30+ markets to manage with 1 expat in each market whom spends 5-6 days preparing for board meeting - 3 days to fly to wherever Dennis O'Brian is in the world - 2 weeks to implement the new strategy - then repeat over again. $20m was always going to be a stretch and now with the restructure of Digicel they are all about survival. They are selling all of their assets in most markets from towers to partnerships. https://www.irishtimes.com/business/technology/digicel-s-riskiest-new-bonds-start-trading-at-50-discount-1.3760460 In saying that in the markets of Digicel (emerging markets) you are either with them or not, the other incumbents will not do business with you if your still selling/operating with Digicel.
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Ann: Digicel Arrangement Update and Revised Guidance, page-87
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