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Digicel Files for Bankruptcy in Bermuda

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DIGICEL has filed for bankruptcy before the courts in Bermuda.

The telecommunications company has stated that its day-to-day operation will not be affected.

The bankruptcy filing involves three provisional liquidators from KPMG and comes in the wake of the company implementing as salary reduction throughout the group.

Digicel has an estimated debt of US$7 billion.

 

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