Digicel eyes up €82m buy

DIGICEL, the mobile phone company owned by Denis O'Brien, is eyeing up a $100 million (€82.32m) acquisition in Caribbean.

Mr O'Brien yesterday said Digicel was currently carrying out due diligence on a telecoms company in the region, though he declined to give its name. If the deal is completed, it would the third takeover by the Esat founder in the past year.

Digicel is also finalising the takeover of Bouygues Telecoms, which will give it access to three new Caribbean markets. Last year it bought the Caribbean and Bermuda assets of US phone giant Cingular and acquired Curaco Telecom.