Vodafone exits Fiji; sells 49% stake to Fiji National Provident Fund

1 Jul 2014

UK-based telecoms giant Vodafone Group yesterday announced that it is effectively exiting the Fijian market by selling off its entire 49% shareholding in Vodafone Fiji to the Fiji National Provident Fund (FNPF) for a cash consideration of FJD160 million (USD87.9 million). The transaction lifts FNPF’s direct and indirect stake in the cellco to approximately 79%, and means that Vodafone Fiji is now 100% locally owned. Amalgamated Telecom Holdings Limited directly owns a 51% shareholding in the carrier, which competes with sole rival Digicel Fiji in the country. For its part, Vodafone Group says it expects to retain a presence in Fiji solely via a partner market agreement.

Fiji, Vodafone Fiji, Vodafone Group,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share