Telecom mulls Cook Islands exit

20 Dec 2013

Telecom New Zealand, the majority owner of Telecom Cook Islands (TCI), is reportedly considering divesting its 60% share in the unit. Local news agency Timaru Herald reports that the company is weighing its options, although no decision had been made so far.

According to TeleGeography’s GlobalComms Database, TCI is owned by Telecom New Zealand (60%) and the Cook Islands’ government (40%). In 2008 reports in local media suggested that Caribbean-based wireless group Digicel was planning to acquire a stake in TCI. In February 2009 the government confirmed its intention to sell the incumbent to Digicel, but no further developments were announced, and a year later Telecom New Zealand reaffirmed its commitment to the island subsidiary. Digicel in the meantime reiterated that it would continue with a pan-Pacific network rollout, without specifying whether its plan still included the Cook Islands.

Cook Islands, Telecom New Zealand Group, Telecom Cook Islands, Digicel Group,

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