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10/25, 1:29 AM (Source: TeleTrader)
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Telstra to acquire Digicel Pacific for $1.6 billion

Australian telecommunications company Telstra Corporation Limited announced that it reached a deal to acquire Digicel's subsidiary Digicel Pacific Limited for $1.6 billion.

The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2022.

The Australian government praised the deal and noted it provided a $1.33 billion financing package for the acquisition.

Breaking the News / NP