The Republic of Kiribati – a Pacific nation of 21 inhabited islands – has issued the official call for pre-qualification in the sale of assets of Telecom Services Kiribati Ltd (TSKL), the country’s sole provider of mobile, broadband and fixed line services (reported by CommsUpdate last week). The full announcement reads as follows:
The Government of Kiribati, represented by its duly appointed State Owned Enterprises Reform Steering Committee (‘Committee’), hereby announces the Call for Pre-Qualification to participate in the public tender process for the sale of the assets of Telecom Services Kiribati Ltd. (‘TSKL’). TSKL is the national telecommunications company of Kiribati and is 100%-owned by the Government. TSKL operates a 2G mobile network recently complemented by 3G and 4G in Tarawa and Christmas Island with a total of about 20,000 subscribers. In addition to mobile broadband and voice, the company offers fixed wireless WiMAX data and ADSL on its fixed telephony network.
The sale will be pursuant to a public tender process in which only pre-qualified parties may participate. The date for the opening of the price proposals (the auction date) from pre-qualified bidders will be announced no later than 31 July 2014.
Detailed information about TSKL, its assets and business, and the proposed transaction is presented in the Bidding Information Package, which will be made available (along with access to the Virtual Data Room) to interested parties that fulfill the criteria set out in the Instructions for Pre-Qualification (hereinafter ‘IPQ’). The IPQ outlines the criteria and procedures for pre-qualification for participation in the tender process.
The Government Committee hereby formally invites interested investors to submit a written request to receive the IPQ, per email, at the address stated below.
The deadline for submission of the documents for pre-qualification, in accordance with the IPQ, is 7 July 2014.
All communications relating to this Call for Pre-Qualification should be directed to the Committee at the following address:
The State Owned Enterprises Reform Steering Committee
c/o Mr. Bareti Tong, Secretary
P.O. Box 68
Republic of Kiribati
Successfully pre-qualified parties will be notified in writing by 18 July 2014. The State Owned Enterprises Reform Committee reserves the right to change the schedule and terms of this Call for Pre-Qualification.