Today marks the completion of a Share Purchase Agreement between complete communications and entertainment provider, Digicel Tonga Limited and the Government of Tonga for the sale of shares in Tonga Cable Limited.
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.
Speaking at the announcement Mr. Ben Kealy, CEO of Digicel Tonga said; “We are committed to delivering on our vision of being a total communications and entertainment provider across the region and this investment is a significant step forward for our customers in Tonga”.
The Share Purchase Agreement between Digicel and the Government for Tonga Cable Ltd, a strategic Government asset, was entered into in February this year.
Photos supplied: 1 Caption: Christian Fruen, Government Liaison, Digicel Pacific with Hon. Siaosi Sovaleni, Deputy Prime Minister
Photo 2.Caption: Paula Mau’u, CEO, MEIDECC and Ben Kealy, CEO, Digicel Tonga
