Bluesky sale on track
Negotiations are continuing on the sale of Bluesky to a Fiji-government owned company, Amalgamated Telecom Holdings (A.T.H).
This was confirmed by the Chief Executive Officer of A.T.H, Ivan Fong, who was in Apia last week.
“The transaction where we’ve signed to have interest in buying Bluesky is on foot,” Mr. Fong told the Samoa Observer.
“At this stage what we’ve done is applied for the regulatory consent for the transfer of licenses in American Samoa, Samoa and Cook Islands.
“That process is on the way right now and we’ve had discussions with the Office of the Regulator and what we know is our application seemed to be all in order.”
Mr. Fong said it shouldn’t be too long before the final details are confirmed.
“At this point in time, because each country has their own rules and regulations to go through about the application, and to determine whether or not they will issue the consent. So at this stage in the entire jurisdiction that’s where we are at.”
The Chief Executive said they have been in regular contact with the Office of the Regulator about the proposed transaction.
“Specifically for Samoa we’ve had some discussions with the Regulator.
“They have sought for some clarification but we understand the information required seems to be all in place and I think they are confident.
“They can now go through and start the process to assess A.T.H’s application so once they let us know where it is, I think everyone will know too.”
Mr. Fong went on to say that all they can do now is to wait and see what the Office of the Regulator comes up with.
“At the moment we cannot speak for the Regulator for sure because that is their prerogative,” he said.
“All we know is that we’ve done all that they’ve required of us and if anything else we are happy of course to discuss with them.”
Last week, the Unit Trust of Samoa (U.T.O.S) inked a Memorandum of Understanding with Amalgamated Telecom Holdings (A.T.H).
A.T.H is in the motions of buying BlueSky American Samoa, which is 100%, owned by Spanish communications company Amper. And the purchase gives A.T.H the majority shareholding in the Bluesky Group.