TFL-FINTEL merger could be completed by September, paper says

23 Jul 2018

Fiji International Telecommunications Limited (FINTEL) expects to complete its proposed merger with Telecom Fiji Limited (TFL) by September this year, according to FINTEL CEO George Samisoni, as reported by the Fiji Sun newspaper. Under the merger plan, TFL is set to take over the international telecom service provider’s retail and wholesale operations. Samisoni confirmed that the legal process is currently being finalised, following which it will go before the courts for ratification. ‘Initially, they were saying November last year so there can be further delays in the process … But I think Amalgamated Telecom Holdings [ATH, the two operators’ parent company] is confident of seeing it through by September this year.’ FINTEL also operates a submarine fibre-optic cable terminal and a satellite earth station from its headquarters in Vatuwaqa, Suva, and provides the region access to the Southern Cross Cable (SCC), an undersea network that has direct links with Australia, New Zealand and the US.

Government-backed ATH completed a multi-million-dollar deal to acquire FINTEL in 2012, but rising competition in the international communications market has left it needing to adapt and raise its quality of service levels to meet international standards to survive. The merger with TFL is designed to further these goals, he says, and make conducting business for FINTEL’s clients more seamless.