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Digicel Makes Net Loss Of US$198m In 2013


Digicel Group made a net loss of US$198 million last year, as disclosed by Fitch ratings agency in its most recent report on the telecom.

Fitch gave Digicel a stable B rating on its long-term foreign currency debt and said the outlook for the company was stable.

Digicel finances its capital programmes through debt, including bond issues.

Fitch said Digicel made a loss of US$198.491 million – the equivalent of J$20 billion – at its financial year ending March 31, 2013.

Published in The Gleaner
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