The recent arrival of two major international players into Papua New Guinea’s telecommunications sector has provided it with a timely boost – and a platform for much-needed growth.
New players in Papua New Guinea’s telco sector drive expansion & competition
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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.
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.
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?
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