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Telecom New Zealand plans to sell 90 per cent stake in Telecom Samoa Cellular

October 15, 2006
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Telecom New Zealand is planning to sell 90 per cent of its shareholding in Telecom Samoa Cellular to Digicel (Samoa), a subsidiary of the Digicel Group. However, the Samoa government will retain its 10 per cent stake in Telecom Samoa Cellular, which operates a TDMA mobile network with 33,000 customers and is currently upgrading to a new GSM network, which is to be launched later in 2006.

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