Senior management at Digicel are expected to calm investor concerns after its planned flotation on the New York stock exchange was pulled last night.

Trading in shares was expected to begin on Friday, and it had been hoped that the telecoms group would be valued at up to 10 billion dollars as a result.

The Denis O'Brien owned company last night put the change of heart down to market volatility.

Business Affairs Correspondent with the Irish Times Ciaran Hancock says although the company is in good shape, the move will have made some people nervous: