Digicel Group’s operating profit neared US$1 billion last calendar year, up from the US$726 million EBITDA it posted for 2009, according to Business Observer calculations based on data released by ratings agency Fitch last week.
In its most recent ratings of Digicel — which operates in 30 markets across the Caribbean, El Salvador and the Pacific — Fitch placed the ratio of total debt to earnings before interest, taxes, depreciation and ammortisation (EBITDA) at 4.9 times, while total debt was approximated at US$4.6 billion.
By Business Observer estimates, this means that Digicel’s EBITDA was approximately US$938 million for the twelve months to December 31, 2011.
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