Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

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Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?

In brief: Digicel possibly up for sale and other business stories

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COVID-19 tests now mandatory for incoming flights to Australia, Digicel’s Pacific operations could be up for sale and K92 organises a visit to the Kainantu mine.

Analysis: is phone data getting cheaper in Papua New Guinea?

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There has been much enthusiasm about new undersea internet cables in Papua New Guinea and predicted improvements in internet pricing, but is there a real change? Amanda H A Watson, Picky Airi and Moses Sakai analyse the changes in pricing for the first half of the year.

In brief: Papua New Guinea to receive K4.2 million from the US and other business stories

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The United States commits K4.2 million in the fight against COVID-19 in Papua New Guinea, Monoyal project gets positive drilling results and PNG confirms five new cases of COVID-19. The business news you need to kickstart your week.

In brief: What companies in Papua New Guinea are doing to stop the spread of COVID-19 and other business stories

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Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.

What the Coral Sea Cable will really mean for Papua New Guinea

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The Coral Sea Cable from Sydney to Port Moresby, which will greatly increase internet speeds in Papua New Guinea, will be ready for commercial use in 2020. But according to a panel at the Innovation PNG 2019 conference, it will raise as many questions as answers.

In brief: Ramu Nico Mine opens after temporary closure and other business news

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Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.

Digicel executive outlines ‘aggressive’ plans to take advantage of new cable link

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The Regional Director of Digicel Pacific, Paul Statham, says the company has ‘aggressive’ plans to expand its offerings when the submarine fibre cable from Australia to Papua New Guinea is built. He says these innovations will especially benefit business.

Digicel Chairman says Papua New Guinea ‘fantastic’ location for investment

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The Chairman and founder of telecommunications company Digicel, Denis O’Brien, describes Papua New Guinea as a vibrant country that is a ‘fantastic location’ for investors. But he says the physical terrain also made it his company’s most challenging market.

In brief: Newcrest revises Wafi-Golpu plan, and other business stories

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Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.