ATH confirms Telecom Kiribati takeover
April 7, 2015 11:06 pm
Amalgamated Telecom Holdings Limited has confirmed that it has been selected by the Kiribati government as the winner of the sale by auction of the assets of Telecommunications Services Kiribati.
The selection was made by the government via the State Owned Enterprises Reform Steering Committee.
The total sale price is AU$7.5m – approximately FJD$11m.
The parties will now establish a new operating company in Kiribati to effect the transaction, transfer the assets and provide telecoms and ICT services across the Republic of Kiribati.
Telecom Services Kiribati is the country’s sole provider of mobile, broadband and fixed line services.