Deal signed to remove Fiji monopoly

17 Jan 2008

The deregulation of Fiji’s telecoms industry took place earlier today with the official signing of the Settlement Deed between Amalgamated Telecom Holdings Limited (ATH), the parent company of Fiji’s three telecom companies Telecom Fiji, Vodafone Fiji and international services provider FINTEL, and the interim government. The details of the deal were hammered out in November last year. The deed is designed to pave the way for new companies to enter the market by removing the exclusive licence currently held by government-owned ATH. Competition is expected to emerge in the next ten to 18 months. Interim Attorney General, Aihaz Sayed-Khaiyum, says the three ATH-owned companies have been compensated for giving up their exclusive licences, although the compensation is not in the form of a financial payment.