Telikom PNG Limited has announced its acquisition of Datec PNG Limited yesterday, subject to regulatory approvals.
Datec is a leading internet service provider and one of PNG’s largest ICT system integrators.
Chairman of Telikom Mahesh Patel, when making the announcement, said the acquisition of Datec is very important for Telikom as it embarks on restructuring its communications business towards retail whilst its wholesale business is in the process of being transferred to Dataco Ltd.
He siad Datec will be an integral part of Telikom’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.
He 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 Telikom, to be more agile and attentive to market dynamics and consumer expectations.
“The acquisition is a milestone for our customers and good value for our shareholders, the seven million people of Papua New Guinea,” Patel said.
Telikom currently owns Kalang Advertising Limited, which operates FM100 and HotFM 97.1 commercial radio stations and is also a majority shareholder of PNG Directories Limited.
In addition, Telikom shares mobile telephone infrastructures with its sister company bemobile Limited.
Datec is currently a subsidiary of Steamships Trading Company.
When announcing the success of Telikom’s bid with Patel, Steamships managing director Geoff Cundle thanked Datec staff for their dedication and hard work that had made Datec a market leader for ICT solutions.
Patel said the acquisition of Datec comes off the back of telikom being awarded the rights as the exclusive provider of telecommunications services for the 2015 Pacific Games.
PORT MORESBY, (POST COURIER)
