SYDNEY (Reuters) – Jamaica-based mobile phone carrier Digicel Group denied an Australian newspaper report on Thursday and said there is “no basis whatsoever” that it would sell its Pacific unit to state-owned China Mobile Ltd (0941.HK).
Earlier in the day, the Australian Financial Review had reported that the Chinese company has been conducting due diligence on Digicel’s Pacific unit since the beginning of the year, in a deal that could be worth as much as $900 million.
“We can categorically state there is no basis to this whatsoever and that no approach has been made to us,” Antonia Graham, head of communications for Digicel Group, said in an emailed statement.
In the Pacific, Digicel operates in Papua New Guinea, Fiji, Samoa, Vanuatu and Tahiti.
A sale of the Pacific’s largest mobile phone carrier to a Chinese state-owned company would be a cause of concern for the Australian government amid strategic competition between U.S. allies and China in the Pacific…
Source Reuters Tech News
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