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telecoms

DIGICEL is considering buying a majority stake in the Cook Islands' biggest phone and internet provider, according to local reports.

The telecommunications behemoth is weighing up purchasing Telecom New Zealand's 60pc stake in Telecom Cook Islands (TCI), the Islands' Finance Minister Mark Brown told reporters.

Digicel, which was founded by Irish businessman Denis O'Brien (above), said it would not comment on rumours.

The Cook Islands would be a new market for Bermuda-based Digicel, which moved into the Asia Pacific region in 2006. It has operations in several other Pacific islands including Vanuatu, Samoa, Papua New Guinea, Tonga, Fiji and Nauru.


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