BlueSky takeover yet to conclude, ATH confirms

2 Aug 2018

The long-running takeover of American Samoa Telecom (AST) – which trades as BlueSky Communications – by Fiji-based Amalgamated Telecom Holdings (ATH) has yet to conclude, the latter has confirmed. The Fijian group’s annual report notes: ‘Discussions on the BlueSky acquisition are still on foot given its multi-jurisdictional nature … The remaining approvals required are for American Samoa, which falls under the jurisdiction of the US authorities, namely the Federal Communications Commission (FCC), Committee for Foreign Investment in the United States (CFIUS) and various clearances from agencies falling under the Department of Justice (DoJ) known informally as Team Telecom. To date, the applications are progressing and we expect to receive an update from the US authorities prior to the end of the year.’

According to TeleGeography’s GlobalComms Database, on 30 August 2016 ATH announced that Spanish telecoms group Amper had accepted its FJD163 million (USD79.2 million) binding offer for the sale of all of its interests in the South Pacific – comprising units in Samoa, American Samoa and the Cook Islands. ATH went on to execute a ‘deed of sale’ on 23 September 2016, and while all other elements of the deal have since been concluded, the American Samoa component of the transaction was delayed by now-resolved legal action instigated by former BlueSky Pacific CEO Adolfo Montenegro.

American Samoa, Amalgamated Telecom Holdings (ATH), American Samoa Telecom (BlueSky Communications)