Digicel Mulling Another Bid to Buy Telecom Cook Islands
Published on: 7th Jan 2014
By: Ian Mansfield
Digicel is reportedly mulling to an offer to buy the Cook Island's monopoly mobile network which has been put up for sale by its majority owner Telecom New Zealand.
The Caribbean/Pacific operator made an offer of $20 million back in 2009 to buy the company, but was rebuffed at the time.
"Digicel is back on the beach, they're kicking the tyres again. They'll probably make an offer to Telecom New Zealand," Finance Minister Mark Brown told Cook Islands News.
Telecom New Zealand owns 60% of Telecom Cook Islands (TCI), with the rest owned by the island's government.
On the web: NZ Herald