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Telecommunications company Digicel says it “fundamentally disagrees” with a report by independent research provider CreditSights that the company was facing an uncertain future due to high debt, currency fluctuations and change in consumer behaviour.

The report, published on Saturday in the Irish Examiner, quoted CreditSights analyst Michael Chak-ar-di-jan as saying in London last Wednesday that Digicel’s high debt levels of more than $6 billion left little room for maneuver.

The report said the company had been suffering from a decline in phone call revenue as users switch to the likes of Viber, WhatsApp and Skype.

Asked by Barbados TODAY to respond to the report and if there were any implications for the Barbados market, Chief Executive Officer of Digicel Barbados Conor Looney said: “Digicel fundamentally disagrees with the conclusions of the report”.

“Digicel’s outlook remains positive with robust plans to deliver by monetizing its network investment and through realistic cost management initiatives,” he added.

Meanwhile there has been no reaction from Digicel St Lucia on the Creditsights report. In fact, when contacted on the company’s performance, RCI news was informed that Country Manager Siobhian James-Alexander had declined to comment.  
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