Photo: Tech Pacific - PNG Treasurer Ling-Stuckey with Testra CEO, Andy Penn
The Independent Consumer and Competition Commission has awarded the Australian telecommunications giant Telstra Corporation Limited permission to proceed with its acquisition of Digicel PNG Limited.
ICCC Commissioner and CEO Paulus Ain stated that while Telstra is one of Australia's four (4) major telecommunications companies, the ICCC has concluded that this Proposed Acquisition is unlikely to have a significant impact on competition in any of the markets where Digicel currently operates in PNG because Telstra has a very limited presence in the country.
According to Mr Ain, the ICCC voted to allow Telstra to purchase Digicel PNG and its subsidiaries.
“The ICCC conducted an extensive public consultation on this application,” Mr Ain added.
“This included consultation on the application when it was received and registered, the issue of a Draft Determination to Telstra and all key stakeholders for their comments; and a Conference held on the Draft Determination where all relevant stakeholders were allowed to attend and give oral comments on issues and facts the ICCC assessed in its Draft Determination.”
Reference: Post-Courier (18 February 2022). “Telstra Acquisition Cleared”.
