• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Telecom

A $2 billion bid for Digicel Pacific’s operations by Australian phone giant Telstra

The Australian phone giant, former state-owned monopoly Telstra, and the Australian government have made a joint bid of $2 billion for Digicel Pacific’s operations.

The Global Economics by The Global Economics
July 20, 2021
in Telecom, Mergers & Acquisitions, Retail, Top Stories
Reading Time: 2 mins read
0
A $2 billion bid for Digicel Pacific’s operations by Australian phone giant Telstra

A $2 billion bid for Digicel Pacific’s operations by Australian phone giant Telstra

455
SHARES
2.5k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The Australian phone giant, former state-owned monopoly Telstra, and the Australian government have made a joint bid of $2 billion for Digicel Pacific’s operations. The Australian company and the Australian government have made a joint bid to acquire the Pacific islands business of Denis O’Brien’s telecoms group Digicel Pacific.

The founder of Digicel Pacific is Mr. Denis O’Brien. This company, founded in 2006, has a strong market position in the Pacific region. It is, at present, operating in over 30 countries across the Caribbean and the Pacific region, including Fiji, Samoa, Papua New Guinea and, Tonga.

Digicel has made its name as a catalyst of a telecommunications revolution. It built a solid reputation in the Caribbean and Central America before it made its presence felt in the Pacific with cheap and reliable prepaid mobile services in the mid-2000s. This company rapidly become a dominant player in the economies of 6 Pacific countries. It also became a pay-as-you-go TV operator and an internet provider.

The Australian company Telstra has reportedly requested Mr. Denis O’Brien to sit on the phone company’s board. Telstra wants future revenue forecasts to be underwritten for the next three years.

Digicel hired Citigroup last year to provide advice on a possible sale of the Pacific business.  Digicel confirmed that it had received many takeover approaches from Chinese brands such as Huawei, China Mobile and, ZTE. The interest shown by Chinese companies led to concern among national security experts in Washington and Canberra. National security experts expressed fears that such an acquisition could enable Beijing to spy on Australia and its closest geographical neighbors.

The joint bid made by Telstra and the Australian government to Digicel could be the Australian government’s way of ensuring that the Chinese do not get a chance to do any telecoms espionage. The Australian government is working hard to ensure a China monopoly in the Pacific telco space does not happen. It is also investing a significant amount of money in new and creative ways to get Australian businesses back into the region.

Tags: Australian Securities ExchangecarriehurihanganuicentralamericachinamonopolychineseinterventiondigicelpacificTelecomIndustrytelstra
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Ukraine to Launch Starlink Mobile Internet Via Satellite in 2026
Infrastructure

Ukraine to Launch Starlink Mobile Internet Via Satellite in 2026

by The Global Economics
July 11, 2025
EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry
Transportation

EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry

by The Global Economics
July 10, 2025
Colombia Re-votes and Approves Pension Reforms Despite Opposition
Economy

Colombia Re-votes and Approves Pension Reforms Despite Opposition

by The Global Economics
June 30, 2025
Singapore’s CDL Sells Majority Stake To Malaysia’s IOI Properties Group
Real Estate

Singapore’s CDL Sells Majority Stake To Malaysia’s IOI Properties Group 

by The Global Economics
June 4, 2025
Saudi Arabia’s GO Telecom Partners With Post-War Syria To Redevelop Telecom Sector
Telecom

Saudi Arabia’s GO Telecom Partners With Post-War Syria To Redevelop Telecom Sector 

by The Global Economics
June 2, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Samsung Strikes Back as it Regains its Top Position in the South Korean Stock Market

Samsung Strikes Back as it Regains its Top Position in the South Korean Stock Market

July 25, 2025
Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO

Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO

July 24, 2025
Investor Appetite Grows for Asian Bonds as Dollar Weakens, Trade Uncertainty

Investor Appetite Grows for Asian Bonds as Dollar Weakens, Trade Uncertainty

July 23, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version