Telecom Firm Digicel Tells Creditors It’s Facing US Justice Department Probe
- Firm warns of possible Foreign Corrupt Practices Act breaches
- Digicel was taken over by creditors PGIM, Contrarian last year
This article is for subscribers only.
Digicel Group told creditors it is cooperating with the US Justice Department over potential violations of the Foreign Corrupt Practices Act.
The international mobile operator, which reported improved earnings a year after restructuring its debt, disclosed to creditors that it was cooperating with the DOJ in a call on Friday after voluntarily reporting itself. The company declined to give any further details about the scope, geography or quantum of the scrutiny it is facing, and did not respond to questions during the private bondholder call.