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Irish telecom Digicel is apparently preparing for additional investments in the Caribbean and Latin America as well as the rollout of its promised 4G mobile network in Jamaica.

Digicel Limited has raised an additional 160 million U.S. dollars at 12% through the bond market as part of what one reliable source describes as “opportunistic capital” in case investments of worth turn up.

Digicel’s Chairman, Dennis O’Brien, was the selling note holder of the 12% Senior Notes, due twenty-fourteen, under an indenture dated as of March 11, 2009.

Earlier this year,  Digicel Limited raised three hundred and fifty million U.S. dollars through a similar bond.

The guarantors include Digicel Holdings Limited, and the company’s subsidiaries in the eastern Caribbean and Digicel Jamaica.

Investors in the notes will receive payments of 12% annum semi-annually and interest on their notes will accrue from March 11, 2009.

There is speculation that Digicel, having acquired its 4G broadband licence in Jamaica, will be aggressively building out it's network this year.

 Informed sources are also speculating that the Dennis O’Brien-chaired company is eyeing another telecom, which operates in several Caribbean countries, including Jamaica.