In brief: Papua New Guinea’s Central Bank increases Kina Facility Rate and other business stories

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The Bank of Papua New Guinea has increased the Kina Facility Rate, Prime Minister Marape welcomes Telstra, and Phase II of the Central Banking Act gets green lighted. The business news you need today.

People moves: Telstra, BSP Financial Group

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Telstra announces new CEO and BSP Financial Group Limited gets new Director.

In brief: Telstra gets green light from NICTA to acquire Digicel Papua New Guinea

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NICTA clears path for the acquisition of Digicel PNG by Australian telco giant Telstra, Barrick and Papua New Guinea sign new Porgera shareholders’ agreement, and SP Brewery celebrates 70 years in Papua New Guinea. Your round-up of recent business news.

Getting investment in Papua New Guinea to return

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Local and international investment trends suggest there is still a long way to go before the economy returns to pre-COVID levels, but some trends offer optimism and Papua New Guinea could take advantage of them.

In brief: ICCC approves Telstra’s acquisition of Digicel and other business stories

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Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.

What are Telstra’s plans for Digicel Pacific?

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Australia’s largest telco has agreed to buy Digicel Pacific. Business Advantage PNG considers what we know about its plans for the company.

Digicel Pacific to be purchased by Telstra ‘in partnership’ with the Australian Government

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A US$1.6 billion (K3.51 billion) deal has been struck for Australia’s largest telco to acquire Digicel Pacific, Papua New Guinea and the Pacific’s largest telecommunications business.

In brief: Papua LNG scheduled to commence in 2027 and other business stories

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Total E&P’s MD outlines Papua LNG schedule, the Internal Revenue Commission signs Memorandum of Agreement with the SME Corporation and Air Niugini to resume services to Sydney. The business news you need today.

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?

Telikom CEO predicts 100% Papua New Guinea telco coverage within 2 years

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The CEO of Telikom PNG predicts all Papua New Guinea will be able to connect to the Internet within two years. In a wide-ranging review of PNG’s telecommunications industry, Michael Donnelly canvasses lower prices, new investment, takeovers and the impact of competition policy.