Share Purchase Agreement

Digicel completes Share Purchase Agreement for Tonga Cable Ltd

As a result, Government will be able to co-finance alongside the World Bank and the Asian Development Bank, the extension of the fibre optic cable to Vava’u and Ha’apai Islands for an improved telecommunication service in both Island groups. 

This announcement reinforces Digicel’s objective to increase accessibility to and penetration of communications to Tonga – as well as to deliver the economic and social benefits that communications bring.

Tongan Government signs Share Purchase Agreement and Shareholders Agreement for sale of Tonga Cable Ltd shares

The approval came after months of intense negotiations between the Government of Tonga (GoT), Digicel (Tonga) Limited (DTL), Tonga Cable Limited (TCL), and Tonga Communications Corporation (TCC),

Government of Tonga, DTL, TCL and TCC signed the respective agreements Friday. The signing ceremony was held at the Ministry of Public Enterprise and in attendance was the Prime Minister ‘Akilisi Pohiva, Deputy Prime Minister, Siaosi Sovaleni, Minister for Public Enterprises Poasi Tei and representatives from Digicel and TCC.