1 Sep 2016
State-backed Fijian company Amalgamated Telecom Holdings (ATH) has announced that Amper, a Spain-based company primarily engaged in the telecommunications sector, has accepted its binding offer for the sale of all of Amper’s interests in the South Pacific. The deal, which significantly boosts ATH’s presence in the region, will see the Fijian company acquire Amper’s holdings – AST Telecom (American Samoa) and BlueSky Samoa (Samoa), which jointly control a 60% stake in BlueSky Cook Islands (formerly Telecom Cook Islands) – for a cash consideration of FJD163 million (USD79.16 million). ATH chairman, Ajith Kodagoda, confirmed that his company envisages the investment will be funded from a mix of debt and equity. Amper will present and recommend the offer to its shareholders at an upcoming special general meeting. The transaction is also subject to requisite regulatory approvals and consents being obtained.
TeleGeography’s GlobalComms Database confirms that ATH has significant interests in the Fiji telecoms market – including subsidiaries Telecom Fiji Limited (TFL), Vodafone Fiji, Internet Services Fiji (Connect), Fiji International Telecoms (FINTEL) and Pacific Emerging Technologies – and in May 2015 the group completed the takeover of Telecom Services Kiribati Ltd (TSKL), Kiribati’s sole operator of mobile, fixed line and broadband services (now renamed Amalgamated Telecom Holdings Kiribati Limited [ATHKL]).