SUNBIZ

Divik Deo Is TVL New Chief Executive Officer

Divik Deo is the new chief executive officer of Telecom Vanuatu Limited  (TVL) . After another milestone of success with the recent acquisition of TVL by the Amalgamated Telecom Holdings
30 Mar 2017 11:00
Divik Deo Is TVL New  Chief Executive Officer
Divik Deo

Divik Deo is the new chief executive officer of Telecom Vanuatu Limited  (TVL) .

After another milestone of success with the recent acquisition of TVL by the Amalgamated Telecom Holdings (ATH), the boards of ATH and TVL are pleased to welcome Mr Deo’s role into the company.

Mr Deo worked as the chief financial officer at Vodafone Fiji limited for over 13 years.

He was previously the president of the Fiji Institute of Accountants and a Board member and Trustee of Vodafone ATH Fiji Foundation.

He is a Certified Practicing Accountant with a degree in Accounting and Financial Management and Information Systems and is currently pursuing his post-graduate executive MBA at the University of the New South Wales (Australian Graduate School of Management), Australia.

The ATH Group of Companies comprises ATH, Telecom Fiji Limited, Vodafone Fiji limited, FINTEL, Fiji Directories Limited, ATH Kiribati and Datec (Fiji) Limited and its subsidiary, Datec Australia Pty Limited.

On Tuesday, ATH announced its signing of the Deed of Sale and Purchase Agreement (SPA) and completed its proceedings regarding the purchase of 100 percent shares in TVL from Mauritius Telecom (MT) International Ventures (MTIV).

According to ATH, the transaction was concluded for ATH’s 100 per cent stake at TVL with an agreed Enterprise Value (EV) of US$28million.

The acquisition of TVL was fully funded through a commercial bank debt and includes the refinancing of shareholder loans and other debt.

Feedback:  monica.aguilar@fijisun.com.fj

 

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