Telikom PNG brings in venture partners for mobile phone business
Updated
Telikom Papua New Guinea has announced it will sell off 50 per cent of its B-Mobile business and bring in a consortium of new joint venture partners.
The partners are telecommunications and investment companies from the United States and Hong Kong.
They also include Nasfund, a local superannuation fund based in Port Moresby.
One of Nasfund's joint Chief Executive Officers Rod Mitchell told Pacific Beat that B-Mobile will be free of interference, from government-owned Telikom PNG.
"My own view is that it will have relatively large independence," he said.
"Three of the board members will be from the consortium, and three from Telikom, so I don't see much of a problem there."
