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ATH expands Pacific portfolio

February 6, 2019 7:44 am
ATH CEO Ivan Fong

Amalgamated Telecom Holdings will continue to pursue new markets in the Pacific.

ATH CEO Ivan Fong says the new acquisition of Bluesky Pacific group will extend the company’s reach to Samoa, American Samoa and the Cook Islands.

Fong adds given their track record they expect similar success.

“We’ve gone to Kiribati and Vanuatu as well, so you know now including the companies in the Bluesky group we’ll be across maybe six, maybe seven markets in the Pacific. So for our expansionary journey, that is quite exciting and interesting for us.”

Meanwhile the ATH-Bluesky Pacific deal is estimated to be worth more than $150 million with ANZ Bank expected to provide partial funding of around $90 million of the purchase.