SUNBIZ

Telstra Deal is Testament to Digicel’s Business in Pacific: Digicel Fiji Chief

Following questions sent, Chief Executive Officer Farid Mohammad echoed sentiments from the Australian telco giant saying ‘very little will change the day-to-day with this acquisition’. “Telstra attracted to the strength of Digicel’s network, customer base, brand and people,” Mr Mohammed said.
02 Mar 2022 13:00
Telstra Deal is Testament to Digicel’s Business in Pacific: Digicel Fiji Chief
Digicel Fiji CEO, Farid Mohammed with staff celebrate the opening of their Tappoo City outlet opening on February 16, 2022. Photo: Ronald Kumar.

Digicel Fiji has welcomed the deal for Telstra to buy out Digicel Pacific adding that the deal is a testament to the calibre of the Digicel business in the Pacific.

Following questions sent, Chief Executive Officer Farid Mohammad echoed sentiments from the Australian telco giant saying ‘very little will change the day-to-day with this acquisition’.

“Telstra attracted to the strength of Digicel’s network, customer base, brand and people,” Mr Mohammed said.

 

“The Digicel brand will remain, customers will be served as they always have been, the handover to Telstra will be seamless.

“Effectively, it will be business as usual; except of course that, once the deal is finalised, the owner of Digicel Pacific will be Telstra, Australia’s leading telecommunications and technology company.”

Mr Mohammed said they were in the process of customary regulatory and government approvals and that an announcement would be done in due course.

“The acquisition price is for Digicel Pacific in its totality and we won’t be splitting out individual markets,” he said.

 

 

Background
Telstra, announced in October last year that it will buy Digicel Pacific with a value of US$1.6 billion (about FJ$3.4 billion).

In an earlier interview, Australian High Commissioner to Fiji John Feakes said, time and regulatory approval permitted, Telstra will be here in Fiji ‘in a big way’.

“They want to develop the ICT infrastructure here. So I think it’s a very positive story,” he said.

 

In response to questions sent to Telstra chief executive officer Andrew Penn, a spokesperson said the acquisition was likely to complete in the first quarter of 2023.

“The current Digicel management team will continue the day to day running of the business,” the spokesperson said.

“They will report to Telstra International Executive, Oliver Camplin-Warner and be subject to oversight from a newly-formed Board of Directors for Digicel Pacific Group which will comprised majority Telstra executives.”

 

Feedback: ranobab@fijisun.com.fj



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