Fiji-based Amalgamated Telecom Holdings Ltd (ATH) has signed a Sale and Purchase Agreement relating to the acquisition of Telecom Vanuatu Limited (TVL), the Fiji Times reports. The takeover deal was agreed with TVL’s parent company, Mauritius Telecom, through its MT International Ventures arm, and will see ATH purchase 100% of TVL’s capital for an undisclosed fee. The buyout is subject to the approval of the Vanuatu authorities and is expected to be completed by 15 March 2017.
TeleGeography notes that the move to buy TVL is the latest in a series of deals struck by ATH as it seeks to boost its Pacific telecoms assets. As previously reported by TeleGeography’s CommsUpdate, on 30 August 2016 ATH announced that Spain-based Amper had accepted its binding offer for the sale of all of Amper’s interests in the South Pacific, comprising BlueSky Samoa, AST Telecom (American Samoa) and BlueSky Cook Islands, although the deal has yet to be completed.
Outside of its extensive telecoms interests in Fiji, ATH also owns Amalgamated Telecom Holdings Kiribati Limited [ATHKL]) – previously known as Telecom Services Kiribati Ltd (TSKL) – which it acquired in May 2015.