Telstra finalises acquisition of Digicel Pacific
The Australian Government welcomes today’s announcement by Telstra of the finalisation of its acquisition of Digicel Pacific.
Digicel Pacific is the leading mobile telecommunications and network services provider in the Pacific and plays a vital role in the economic development of the Pacific region.
As a trusted and experienced industry leader, Telstra brings strong capabilities to ensure secure, reliable and high-quality services are provided to Pacific communities, including in Papua New Guinea, Vanuatu, Fiji, Samoa, Tonga and Nauru.
The Government is providing USD1.33 billion in a financing package, through Export Finance Australia (EFA), to support Telstra’s commercial acquisition.
Telstra will own and operate Digicel Pacific.
Quotes attributable to Minister for Foreign Affairs, Senator the Hon Penny Wong:
“The Australian Government’s support for this transaction reflects our commitment to help build a stronger Pacific family through investment in high-quality infrastructure.
“Telecommunications and digital access are critical to sustainable economic growth and development outcomes into the future.”
Quotes attributable to Minister for Trade and Tourism, Senator the Hon Don Farrell:
“The finalisation of Telstra’s acquisition marks a significant milestone in Australia’s economic engagement with our Pacific family.
“This transaction sends a positive signal of business confidence in the Pacific region, and we hope it will encourage further investment in the region from top tier Australian companies.”
Quotes attributable to Minister for International Development and the Pacific, the Hon Pat Conroy MP:
“Telstra will be able to bring its extensive experience in the telecommunications sector to build on Digicel Pacific’s strong track record in support of economic development across the region.
“Now more than ever, the region needs access to high quality telecommunication services as it recovers from the economic impact of COVID-19.”
Quotes attributable to Minister for Communications, the Hon Michelle Rowland MP:
“Telstra’s acquisition of Digicel Pacific is a positive development for our neighbours in the Pacific, who will experience a number of social and economic benefits through improved telecommunications infrastructure.
“Accessing reliable telecommunication networks is essential for families, businesses, communities and governments to connect and share information, which is why the Australian Government is pleased to support this acquisition.”