Digicel Group Holdings Limited has announced the sale of Digicel Pacific Limited (DPL) to a subsidiary of the Australian telecommunications firm Telstra Corporation Limited. Digicel Pacific is valued at up to $ 1.85 billion, subject to usual post-closing adjustments and a three-year, $250 million earn-out. Digicel Pacific has operations in six South Pacific countries: Papua New Guinea, Fiji, Samoa, Vanuatu, Tonga and Nauru. The Digicel brand will remain unchanged in these six markets, and the current Digicel Pacific management team will remain with the company and continue to lead it in providing superior telecommunications services to Digicel Pacific’s loyal clients across the South Pacific. For the past 15 years, Digicel Pacific has been a strong and expanding telecommunications company in the Pacific. Telstra’s takeover communicates a significant message about the company’s prospects as well as the larger commercial confidence in the Pacific region’s growth. Denis O’Brien, Digicel…
