Telstra May Buy Digicel Pacific With Australian Goverment Help

SYDNEY–Telstra Corporation Ltd. is considering buying the South Pacific operations of telecommunications company Digicel Group Ltd., with majority financial support from the Australian government.

The ASX-listed firm on Monday said it had held talks over a potential acquisition of the 15-year-old Digicel Pacific, which operates in Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu. It generated earnings before interest, tax, depreciation and amortization of US$235 million in the 2020 calendar year with a strong margin,…

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