The RJRGLEANER Communications Group says it recently obtained a $500 million loan to provide the liquidity needed to facilitate its turnaround programme, expected to bear results this year and next year.
This, after the company lost $666 million last year and another $180 million during the first quarter of this year.
Speaking at a recent investor briefing, Group Chairman Joseph Matalon stressed that this 12-month turnaround process will be driven by its digital assets, which will be used to extract more value from members of the diaspora.
He also noted that its digital footprint includes 7.3 million followers and 66% share of the Jamaican online audience.
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