Communications Minister confident in a new telco by year-end, the ICCC initiates review of Kina’s takeover of Westpac, and Ok Tedi Mining pledges K10 million in COVID-19 relief. Your business news in brief.
Digitec
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Fiji-based Amalgamated Telecom Holdings has claimed it has struck a deal to acquire 70 per cent shareholding in each of Digitec Group, which operates in Papua New Guinea, Singapore and Australia. Analysts say the Fijian company could seek a partnership with an existing mobile operator in PNG.
Port Moresby-based retailer/wholesaler Supreme Group found itself needing products and services it couldn’t source in Papua New Guinea, so it decided to create them. Group Managing Director Sanjay Shah, tells Business Advantage PNG that the group has grown quickly and is anticipating more diversification.