Telstra, in partnership with the Australian government, is close to completing a deal to acquire the Pacific operations of Digicel Group, Reuters reports, citing two sources familiar with the bid. As previously reported by CommsUpdate, following intense media speculation on the subject, in July 2021 Telstra issued a statement confirming it had indeed been in discussions related to a potential transaction to acquire Digicel Pacific, which has operations in six countries across the South Pacific region: Fiji, Nauru, Papua New Guinea, Samoa, Tonga and Vanuatu.
Now, with progress on the mooted transaction understood to have been made, an unnamed Australian government sources was quoted as saying: ‘It is fairly imminent. I can’t put a timetable on it but the deal is almost done.’ A Telstra spokesperson declined to comment on the matter, however. Meanwhile, Reuters notes that Australian broadcaster Nine Entertainment previously reported that Telstra will spend between AUD200 million and AUD300 million (USD148 million-USD222 million) of its own money on the acquisition, with the Australian government expected to contribute the lion’s share – around AUD1.5 billion.