Telstra and a government statement stated that the government will bear US$1.33 billion of the total value of the transaction, with the remainder funded by Telstra. The analysis pointed out that the reason for the Australian government’s “intervention” in this transaction may be one of the means to prevent China’s growing influence in Australia.
Telstra stated that the Australian government approached it to help it acquire the business. CEO Andrew Penn said, “Digicel Pacific is a commercially attractive asset that is vital to the telecommunications industry in the region.”
Other reports
A letter from the securities industry organization to Chen Maobo requesting the relaxation of epidemic prevention and travel restrictions
Goldman Sachs cuts China’s GDP growth forecast next year to 5.2%
The three major Shanghai and Shenzhen indexes stand out individually on the Pioneer Board
HSI opens 106 points lower, Hengda rises 4%, Hengqi rises 11%
Hong Kong stocks ADR fell 122 points overnight low water 119 points HSBC results
Sinopharm’s first three quarters net profit rose 14.97%
