The Government had announced earlier that Vodafone Fiji will take over management of Beobile.
Underthe agreement,theIndependent Public Business Corporation will share equity of 51% while Fiji’s National Provident Fund will own 40%. The ther 9% will be shared amonPNG Sustainable Authority, Steamships and Nasfund.
Withthe current economy boom Minister for Public Enterprise & StateInvestmentoBen Micah, sain PNG needs robust telecommunications.
Chief Executive Officer for Beobile, Michael Ahkoy, said this deal will drivethe face of development.
Vodaphone and Beobile will roll out a network with equal footing as Digicel. The deal will provide cheaper rates with more phone users enjoying better network throughouPNG and neighbouring island nations.
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