A statement released today by Amalgamated Telecom Holdings, of Fiji says Amper Sa, BlueSky’s parent company, has accepted a binding offer from ATH for the purchase of all of Amper’s interests in the South Pacific.
Amper will present and recommend the offer to their shareholders at an upcoming special general meeting and if necessary seek shareholder ratification of Amalgamated Telecom Holdings offer for the acquisition of the group’s acquisition of the group’s subsidiaries in the South Pacific.
BlueSky operates in American Samoa, Samoa, the Cook Islands and New Zealand.
Under the key terms of the offer ATH will acquire a controlling interest in the South Pacific units for the sum of $79,1 million.
The transaction will be subject to requisite regulatory approvals and consents being obtained.
Its expected that the parties will execute the definitive agreements during the month of September.
The ATH group includes the National Provident Fund of Fiji which is government owned, as one of the shareholders.
Since the announcement in June that Amper Sa and ATH were negotiating for the purchase of BlueSky Pacific, customers and employees of Blue Sky have been anxiously waiting for more details about the sale.
KHJ News questions regarding ASG’s shares in the American Samoa Hawaii Cable in which $9 million of public money was invested, have not been answered.
BlueSky managed ASHC Cable with BlueSky President and CEO Aoee Adolfo Montenegro as the CEO of ASCH.
