Digicel Panama is a subsidiary of Digicel Group, a telecommunications service provider with a presence in 25 markets worldwide. The parent company, Digicel Group, was founded in 2001 by Irish entrepreneur Denis O'Brien and launched its operations in Jamaica. Digicel Group began its expansion into the Central American mainland between 2006 and 2008. While the specific launch date of Digicel Panama is not explicitly stated, it is within this timeframe that the company likely began its operations in Panama.
The ownership of Digicel Panama is held by Digicel Group, under the leadership of Denis O'Brien. Over the years, the group has embarked on several acquisitions, expanding its operations across the Caribbean and Central America. In 2020, Digicel Group announced plans to restructure its debt, a process that was completed in June 2020 with approval from Digicel's bondholders. As part of the exchange, O'Brien contributed $50 million in assets to Digicel, including the company's Jamaican headquarters and $25 million in cash.