State Enterprise Minister Ben Micah expressed confidence about the deal saying it will boost the growth of Bmobile.
The cocktail function was well attended by heads of various companies.
It was hosted to reaffirm the partnership between Bmobile and Vodafone sealed in July this year.
It was also to provide insight into where Bmobile Vodafone is headed. In the coming days, Bmobile Vodafone will roll out its services. Their presence is said to shake up the telecommunication industry in the country.
Minister Micah said it was a positive investment. He also made some major announcements to consolidate all information technologies of the government.
Starting next year, Port Moresby and Lae will have 4G internet.