Digicel has updated its filings with the U.S. Securities and Exchange Commission, making it clear what the proceeds of funds raised in an initial public offering (IPO) will be used for.
Digicel said the funds will be used to finance its establishment of fibre broadband throughout the region.
The telecoms firm is trying to raise US$200 million in an IPO, which is believed will not be issued until about November this year.
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