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Digicel buys shares in Tonga Cable Ltd.....posted 03Feb17


Digicel Tonga Ltd is a now a new shareholder in the Tonga Cable Ltd TCL
[click here for TCL website].

The acquisition of shares was made possible by the sale of some of the Government of Tonga shares in TCL, approved today by His Majesty's Cabinet, and paving the way for Digicel Tonga Ltd to join the Government and Tonga Communications Corporation [TCC] in the Tonga Cable Ltd, and in the intentions to extend the Tonga submarine fibre optic cable network to Ha’apai and Vavau’u.

The Government of Tonga remains the major shareholder while Digicel Tonga Ltd, and Tonga Communications Corporation [TCC], the government owned incumbent operator in Tonga are the other shareholders holding equal minority shares.

Source..News and Press Release issued from the Ministry of Meteorology, Energy, Information, Disaster Management, Environment, Climate Change and Communications in the Kingdom of Tonga.


....signing of the Share Purchase Agreement (SPA),

and the Shareholders Agreement (SHA) for the sale of Government Shares

in TCL to Digicel Tonga Ltd..




 
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