Bluesky Pacific In Negotiations To Divest Holding To Fiji Telecom Company

Subject to approval, sale could move forward in next 3 months

By Joyetter Feagaimaalii-Luamanu

PAGO PAGO, American Samoa (The Samoa News, July 3, 2016) – The strong performance of Bluesky Pacific Group operations in American Samoa, Samoa, New Zealand and Cook Islands has attracted the attention of key telecom operators in the region such as ATH (Amalgamated Telecom Holdings),” according to a press statement issued by Blue Sky Pacific Group.

This statement was released to Samoa News by  Chief Executive Officer  Bluesky Pacific Adolfo Montenegro in response to Samoa News questions. According to Reuters website on key developments, BlueSky’s parent company Amper SA on Wednesday June 29, 2016, signed “a letter of intent to sell all its businesses in the South Pacific to Amalgamated Telecom Holdings Ltd, majority owned by the Fiji National Provident Fund. It is estimated that the transaction will close in the next three months subject to final regulatory approval.”

In the statement issued by Blue Sky Pacific, it says that on Wednesday June 29, 2016 it has signed a non-binding letter of intent to divest its South Pacific holdings to Fijian group, Amalgamated Telecom Holdings (ATH).  This is due to a strong performance of Bluesky Pacific Group operations in American Samoa, Samoa, New Zealand and Cook Islands that has attracted the attention of key telecom operators in the region such as ATH.

“The intention of both parties is to engage in dialog regarding a potential acquisition.  These discussions have now commenced. A potential acquisition is subject to agreement by the parties on price, terms of acquisition and regulatory approvals. Bluesky fully supports its parent company’s decision to explore this opportunity and is involved in the discussions to ensure the best commercial decision is made not only for Amper SA and Bluesky Pacific Group operations, but also for its existing local investors, customers and community.”

The statement further says that Bluesky Group is a regional telecommunications group, with its companies providing Fixed Line, Mobile, Broadband and IPTV services to consumers in American Samoa, Samoa, New Zealand and Cook Islands. “Bluesky Communications was the first company to launch in American Samoa in July 1999.

From its beginnings as a mobile phone company, Bluesky then expanded to also being an Internet service provider and then acquiring the local cable TV operator in American Samoa in 2009.  Since then Bluesky and the services offered has grown to what it is today. Having expanded into Samoa in March 2011 by acquisition of SamoaTel, Cook Islands & New Zealand in early 2015. Bluesky operates the only submarine fibre optic cable connecting Samoa and American Samoa to Hawaii.”

The Samoa News
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