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(TRINIDAD EXPRESS)
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Regional telecommunications giant Digicel has filed for bankruptcy before the Bermuda courts, but it insists that its day-to-day operations will not be affected by the filing.
The bankruptcy filing involves the appointment of three provisional liquidators from KPMG, the global services company.
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Coming days after the company implemented a group-wide salary reduction, the move is being seen as part of Digicel’s attempt to restructure US$1.6 billion of its estimated US$7 billion debt.
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