Digicel abandons plans for IPO

(Telecompaper) Digicel Group, provider of communications services in 31 markets in the Caribbean and South Pacific, has decided not to proceed with its planned IPO at this time. Despite significant support from a number of investors during the marketing period, Digicel has decided that current conditions, especially in emerging markets, make an IPO a less attractive option for the company. Chairman Denis O'Brien said that an IPO was and predicated on achieving fair value for the company. He said