Digicel is working on an initial public offering that could raise over US$2 billion.
The Caribbean telecoms operator plans to list on the New York Stock Exchange under the symbol DCEL in the coming days.
In a filing with the SEC on Tuesday, it set a price range of US$13-$16 per share for the listing. At the top of that range, the IPO would bring in $2.28 billion.
"We estimate that our net proceeds from this offering will be approximately $1.7 billion, assuming an initial public offering price of $14.50 per share, which is the midpoint of the price range on the cover page of this prospectus, and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us," the telco said in the filing.
It added that it intends to use around $1.3 billion of the proceeds to pay down debt.
Irish-owned Digicel offers mobile services in 31 markets in the Caribbean and the Pacific, where it has, according to its SEC filing, 13.6 million subscribers.
Its biggest markets are Papua New Guinea, Haiti, Jamaica, Trinidad and Tobago and the French West Indies, which together c ontributed 66.8% of revenue in the year to the end of March 2015 and 64.7% in the most recent quarter, to end-June.
In the most recent financial year Digicel generated revenues of US$2.79 billion, up by 1.5% on the previous year.
It posted an operating profit of $707.8 million, down 10.7%, and swung to a net loss of $157.6 million.
