SUNBIZ

Amper Deed Of Sale With ATH For Pacific Executed

Amalgamated Telecom Holdings Limited and Amper SA have executed a Deed of Sale for ATH’s purchase of all Amper’s interests in the South Pacific on Friday September 23. The announcement
27 Sep 2016 08:16
Amper Deed Of Sale With ATH For Pacific Executed
ATH

Amalgamated Telecom Holdings Limited and Amper SA have executed a Deed of Sale for ATH’s purchase of all Amper’s interests in the South Pacific on Friday September 23.

The announcement was made through the South Pacific Stock Exchange yesterday. Further details are expected to be released on the deal in the coming days.

Amper will present the transaction for ratification by shareholders at its special general meeting on October 2 and 3.

The execution of the sale is subject to the usual conditions including the obtaining of the appropriate local consents, licenses and permits from respective government and regulatory authorities.

 

About Amper

Amper is a Spain-based company primarily engaged in the telecommunications sector.

It has various telecoms interests in the Pacific, including AST Telecom (American Samoa) and BlueSky Samoa (Samoa) – which jointly control a 60% stake in BlueSky Cook Islands (formerly Telecom Cook Islands).

Under the key terms of the offer, ATH will acquire a controlling interest in the South Pacific units for a cash consideration of US$79,155,772 (FJ$163 million).

 

What this will mean?

As explained earlier by ATH chairman, Ajith Kodagoda, this investment presents ATH a tremendous opportunity to play a key role in improving regional connectivity and delivering modern innovative services.

With this, the investment is fully consistent and aligned to ATH’s stated strategy of regional expansion as it will provide ATH market access and service delivery in four regional markets.

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