Digicel has filed publicly in the USA for an initial public offering of an undetermined number of shares. The price range for the IPO have not been determined either, but Digicel hopes to use the proceeds for corporate purposes, including capital expenditure, acquisitions and paying off debt.

Digicel provides services in 31 markets in the Caribbean and South Pacific regions, serving around 13.6 million mobile customers. More recently the company has expanded into the broadband and TV market with acquisitions such as Bermuda’s BTC and Telstar in Jamaica, as well as the purchase of submarine cable assets.

The company claims the number-one position in 21 of its markets, with an over 50 percent share of mobile customers in 20 markets. In the year to March 2015, Digicel generated a net loss of USD 157.6 million on revenues of USD 2.794 billion. That compares to a profit of USD 43.5 million on revenues of USD 2.754 billion the previous year. Adjusted EBITDA totaled USD 1.181 billion, down from USD 1.223 billion a year earlier, and capital expenditure rose to USD 632.3 million from USD 485.4 million.