FCCC approves sale of Digicel Fiji to Telstra

4 Mar 2022

The Fijian Competition and Consumer Commission (FCCC) has granted final approval for the indirect acquisition of Digicel Fiji by Australia’s Telstra.

As previously reported by TeleGeography’s CommsUpdate, in October 2021 Telstra announced that, in partnership with the government, it had agreed a AUD2.1 billion (USD1.6 billion) deal to acquire Digicel Pacific – including its assets in Papua New Guinea (PNG), Nauru, Samoa, Tonga, Vanuatu and Fiji – calling the deal ‘a unique and very attractive commercial opportunity for Telstra to boost [its] presence in the region’. Following the deal’s announcement, Telstra said it would engage with governments in Digicel’s operating jurisdictions regarding regulatory requirements and approvals. Now, FCCC chief executive officer Joel Abraham said that having conducted a thorough investigation to assess the proposed transaction, the deal has been approved. The Fiji Village newspaper quotes him as saying: ‘FCCC approved the transaction today (3 March), subject to certain conditions which will help FCCC monitor the market more effectively … FCCC exists to promote effective competition and an informed market, encourage fair trade in markets and protect customers and businesses from restrictive practices … We assess every application with that in mind and only grant approvals when a proposed transaction is in line with those values.’