The Fiji Times » Vodafone Fiji and Austel Investment execute co-investment agreement in PNG mobile project fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
Timoci Vula
10 June, 2021, 7:30 am
The Asian Development Bank (ADB) and Amalgamated Telecom Holdings Limited (ATH) yesterday executed the Subscription and Shareholders Agreement (Investment Agreement) for ATH International Venture Pte. Ltd, the subsidiary company investing in ATH’s new mobile broadband telecommunications network construction project in Papua New Guinea (PNG).
In its market announcement issued by the South Pacific Stock Exchange yesterday, ATH stated that its largest subsidiary Vodafone Fiji Pte Limited was managing the project rollout.
It stated that the project had already made significant progress and “subsequently operate the mobile business under the Vodafone Brand”.
The company stated that the signing of the Investment Agreement was a key milestone for the project in formalising the ADB’s participation as the cornerstone investor in this project, and to pave the way for other equity partners to join ATH and ADB as shareholders in the project to bols
Tuesday, 22 December, 2020 - 14:19
Most Pacific-based funds have maintained a long-term investment focus as they look beyond the immediate impacts from the COVID-19 pandemic and overcome initial concerns about short-term losses, according to a new survey.
The survey by the International Finance Corporation (IFC), a member of the World Bank Group, and the Pacific Islands Investment Forum (PIIF) of PIIF members - sovereign, superannuation, provident and trust funds across the Pacific - showed they have been stepping up with vital support for financial systems in Pacific countries. These efforts include providing social protection and other financial support, complementing government actions.
While the economic crisis in the Pacific triggered by the global pandemic required a rapid response from funds across the region, which collectively have over $8.87 billion assets under management, the survey highlights they will continue to play a critical role in their economies. As th