Telikom PNG (TPNG), Papua New Guinea’s leading Telecommunications Company yesterday announced its acquisition of Datec PNG Limited.
Formed in 1985, Datec has been striving to bring the world’s most competent technology and service providers to PNG until its acquisition by Telikom.
The acquisition adds to TPNG’s increasing portfolio which includes Kalang Advertising Limited, which operates, FM100 and HotFM 97.1 commercial radio stations. TPNG is also a majority shareholder of PNG Directories Limited. In addition, TPNG shares mobile telephony infrastructure with its sister company bmobile Limited.
Chairman of Telikom, Mahesh Patel, when making the announcement, said the acquisition of Datec is very important for TPNG as it embarks on restructuring its communications business towards retail whilst its wholesale business is in the process of being transferred to Dataco Ltd.
Datec will be an integral part of TPNG’s strategy to expand its internet and data businesses providing converged technology solutions in addition to offering voice, data and wireless solutions and an innovative retail experience.
Mr Patel said TPNG operates in a very competitive market where customer expectations are by and large influenced by rapid advances in communications technologies and user applications, compelling service providers in the communications and ICT industries, such as TPNG, to be more agile and attentive to market dynamics and consumer expectations. This acquisition is a milestone for our customers and good value for our shareholders – the 7 million people of Papua New Guinea.
Mr Patel said the acquisition of Datec comes off the back of TPNG being awarded the rights as the exclusive provider of telecommunications services for the 2015 Pacific Games.
The amount involved in the acquisition is being kept undisclosed.