CEO of Caribbean telecoms firm Digicel dies suddenly

Image
Reuters DUBLIN
Last Updated : Dec 28 2018 | 11:25 PM IST

DUBLIN (Reuters) - Caribbean telecommunications company Digicel on Friday announced that its chief executive Alex Matuschka von Greiffenclau, 47, had died suddenly while on holiday.

The company's chairman and billionaire owner Denis O'Brien said in a message to staff he would take over as interim CEO.

"It is with a heavy heart and much sadness that I share news of the untimely death of our Group CEO, Alex Matuschka von Greiffenclau," O'Brien said in a statement.

"Alex died suddenly yesterday whilst on holiday with his family in Germany," he said.

Von Greiffenclau took up his position in February this year and was a key player in negotiating a debt refinancing with bondholders, which concluded last week.

Under the terms of the deal, the majority of holders of around $3 billion in bonds due in 2020 and 2022 agreed to swap them for bonds with longer-dated maturities.

Digicel, which was founded in 2001 in Jamaica by O'Brien, provides wireless services to around 14 million subscribers in 31 markets in the Caribbean and South Pacific regions.

(Reporting by Stephen Addison; Editing by Elaine Hardcastle)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 28 2018 | 11:17 PM IST

Next Story