Telstra completes govt-backed acquisition of Digicel Pacific

Back in October last year, Telstra announced that it had agreed to purchase Digicel’s Pacific operations for $1.6 billion. The deal was heavily subsidised by the Australian government, who agreed to provide around $1.3 billion to facilitate the move, with analysts suggesting this was largely to stop the Pacific region’s critical communications infrastructure falling under Chinese control. The acquisition covered all of Digicel Pacific&rsquo…read more on TotalTel