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.

In brief: BSP Financial Group announces half year results and other business stories

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BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. 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?

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.

People moves: Digicel Fiji, P&O Maritime Logistics

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Digicel Fiji gets a new boss and P&0 Maritime Logistics welcomes a new Chief Executive.

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.

People moves: ExxonMobil, Digicel PNG Foundation

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ExxonMobil announces a new Vice-President of Investor Relations and Corporate Secretary and Digicel PNG Foundation welcomes new members to its Board of Directors.