News Snapshot:
Acquisition of the Digicel Pacific operations by Telstra – the largest Australian telecom – in exchange for $1.6bn, may be much more relevant from a strategic standpoint than a business one for the parties involved. Digicel Pacific counts on 2.5m subscriptions and $431m in annual revenue, which makes it one of the largest operators in the Pacific islands, specially in the rising Papua New Guinea. It already has in place an extensive infrastructure, in Islands where the terrain makes it difficult for rivals to develop new infrastructure. While Telstra expects minimal financial return from this deal, it has also taken...
