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Australian telco Telstra agrees to acquire telecom Digicel Pacific for $1.6 billion of which $1.33 billion funds will be backed by the Australian government. Digicel owner and chairman Denis O’Brien said the deal comes with a “lot of growth” potential in the Pacific Islands. They have about 2.5 million subscribers in Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu.

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