Oceania Mobile

and Digicel takeover

Telecommunications in New Zealand

Vodafone 41%
Telecom NZ (renamed as Spark in 2014) 32%
Two Degrees 21%
Two Degrees owned by Seattle Baseball owner John Stanton (Trilogy)

PNG's major carrier Digicel (based in Jamaica)
also in Vanuatu, Tonga and Samoa,
and Fiji (Fiji also has Vodafone as a dominant player)

On Monday 25th October 2021 Au Govt is investing $1.8bn in Telstra's takeover of Pacific arm of Digicel.
Telstra said it would contribute $360 million and own 100 per cent of the company's ordinary equity.

The deal is expected to be completed within the next six months.

Click here for ABC announcement.

Click here for an earlier report in Australian Financial Review on 14th May 2020, reporting on a "scoping study" of Digicel's assets by China Mobile with a possible take over bid coming. Digicel was said to be on a "credit ventilator" with $US6.7 billion ($10.3 billion) in debt and major repayment deadlines looming over the next 30 months.

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