Vodafone Fiji and Austel Investment execute co-investment agreement in PNG mobile project

Vodafone Fiji Limited and Austel Investment Pty Ltd have executed a co-investment agreement for the two companies to jointly invest alongside ATH, Asian Development Bank (ADB), Samoa National Provident Fund and the Unit Trust of Samoa in the PNG Mobile Project.

Related article:

ATH and ADB execute investment agreement for PNG telecommunication project

As had been announced earlier by the company via the South Pacific Stock Exchange (SPX), this investment would be made through ATH International Ventures (ATHIV), a company registered in Singapore – and it is tasked with financing a new mobile broadband telecommunications network construction project in Papua New Guinea (PNG).

In its latest announcement in SPX last Friday, the ATH stated that apart from being an equity partner, Vodafone Fiji Limited would also operate the mobile business under the Vodafone brand.

Related article:

Samoa’s superannuation fund and unit trust executes co-investment agreement with ATH and ADB for PNG mobile project

More Stories