Bloomberg News

Digicel Pays O’Brien $300 Million Dividend, Sunday Times Says

June 24, 2012

Irish telecommunications billionaire Denis O’Brien received a $300 million special dividend from his Digicel Group Ltd., the Jamaica-based mobile phone company, for the year through March, the Sunday Times reported, without citing anyone.

O’Brien received a $115 million dividend from Digicel for the previous year and took $800 million from the business in a refinancing in 2008, when he took full control of the company, which has operations across the Caribbean, Central America and the Pacific, the newspaper said in its Irish edition.

The most recent special dividend payment was disclosed in an analyst conference call this month, the report said. James Morrissey, a spokesman for O’Brien, declined to comment when contacted by Bloomberg News.

Editors:

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net;

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net;


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