Friday, 24 March, 2023

Telstra planning to acquire Digicel Pacific with Australian govt's aid

<p>Telstra Corp is planning to buy the Pacific operations of Digicel Group. The Australian government will be helping with the funding and is expected to provide 75% of the fund. The deal, which is still being discussed, is estimated to be worth A$ 2bn of which the Aussie govt paying A$ 1.5bn. Digicel is critical to telecommunications in the region with strong margins and it had a core earning of $235 mn in 2020.</p>