O’Brien won’t sell Digicel shares yet

Telecommunicationsbillionaire Denis O’Brien has ruled out selling shares in Digicel Group Ltd to the public “at the moment”.

“We like to run our company on a private basis,” Mr O’Brien, chairman of Digicel, the Caribbean’s largest phone company, said in an interview on Bloomberg Television. “But we have the best practices of a public company” as Digicel sells bonds in the US and Europe, he added.

Mr O’Brien said the decision by Vodafone Group to sell its 45% stake in Verizon Wireless to Verizon Communications for $130bn (€96bn) was “good news for everybody”.