Australia could fund Digicel Pacific mobile network buyer to block China

Australia could fund Digicel Pacific mobile network buyer to block China

Australian security agencies are worried about the prospect of a Chinese telecommunications company entering the region and potentially spying on our close neighbors, government sources have said.

But senior Australian government officials are also concerned about the precedent of an indebted telecommunications company threatening Chinese companies to buy its assets to extract money from Australian taxpayers.

Digicel owner Denis O’Brien is reportedly asking for more than $ 2 billion for Pacific assets.

While Chinese companies Huawei and ZTE are said to be interested in purchasing Digicel’s Asia-Pacific division, industry sources said the most likely company is China Mobile.

Huawei and ZTE were unlikely to want to buy their own customers, industry sources said, but it might make financial sense for China Mobile to acquire the assets.

Mr O’Brien is reportedly asking for more than $ 2 billion for assets, but industry sources estimate the value at less than $ 1 billion.

Michael …

Read Full Story

News Highlights Finance

  • According to the source Australia could fund Digicel Pacific mobile network buyer to block China
  • Check all news and articles from the Finance news updates.
Bollyinside - US Local News & Breaking News Stories
Compare items
  • Total (0)
Compare
0