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Telstra buys Digicel Pacific for US$1.6 billion

REPUBLIC OF NAURU

Government Information Office

 

MEDIA RELEASE

For Immediate Release

Monday, 25 October 2021

 

 

Telstra buys Digicel Pacific for US$1.6 billion

 

 

President Lionel Aingimea welcomes the announcement today by Australia's telecom provider Telstra that it is taking over Digicel's business in the South Pacific region for US$1.6 billion, plus up to an additional US$250 million subject to business performance over the next three years.

 

Telstra partnered with the Government of Australia to take over the Pacific business.

 

President Aingimea offers appreciation to and congratulates Telstra and its chief executive Andy Penn for continuing this valuable service, and thanks Digicel for providing the much-needed service since it established its Nauru operations in 2009.

 

"Nauru was without a telecommunications provider for many years and Digicel's presence brought internet and phone connectivity linking the government, businesses, Nauruans and foreigners to the rest of the world and opened up vast opportunities for business, research, education and telemedicine."

 

The business will be owned and operated by Telstra and will be overseen by a Telstra controlled board which will also include current owner Denis O'Brien and two independent directors.

 

The Digicel Pacific business was founded in 2006 and operates in six markets in the South Pacific including Nauru, Papua New Guinea, Fiji, Samoa, Vanuatu, and Tonga.