Tuesday, July 26, 2022

After saying goodbye to Panama, Digicel aims to grow in El Salvador and the Caribbean

The company has a consolidated position in many of the markets in which it operates. But it is facing declining revenues in its core business, mobile voice, and requires capital to expand into new areas, such as fiber optics and entertainment. And this area is weighed down by a debt of US$ 5.7 billion.

Following its exit from Panama, Digicel faces serious challenges in consolidating its position in the other Central American and Caribbean markets in which it operates, especially in finding the most profitable business focus. The weight of its debt will limit its margin of action at a time when competition is concentrated in the region. This is despite the fact that it has just received US$ 1.4 billion from the sale of its assets in the Pacific.

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