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By Staff Reporter : PNG Today

ICCC to review proposed merger of Telikom PNG Ltd and PNG DataCo Ltd

The Papua New Guinea Independent Consumer and Competition Commission (ICCC) would like to inform industry stakeholders and the general public that Kumul Consolidated Holdings Limited (KCHL) has advised the ICCC to recommence the assessment of the application for authorization for the proposed merger of Telikom PNG Limited (Telikom) and PNG DataCo Limited (DataCo) proposed merger. 

The review of the Authorization application was put on hold due to the withdrawal of the Clearance application for the proposed merger in August 2017. KCHL, as the applicant, exercised its rights under the ICCC Act to withdraw the Clearance application. 

KCHL, however, has recently asked the ICCC to recommence the assessment of its Authorization application. Therefore, the ICCC now advises relevant stakeholders and the general public that it has recommenced the assessment of the Authorization application. 

ICCC Commissioner and Chief Executive Officer, Mr. Paulus Ain, said, “We welcome the request by KCHL for ICCC to recommence the review of the pending Authorization application.”

“ICCC will work with KCHL and other relevant stakeholders to expedite the assessment of the application and give a decision within the number of days required under the ICCC Act.” ....read more on : PNG Technology News site

Posted by Staff Reporter : PNG Today on 3:58 PM. Filed under , . You can follow any responses to this entry through the RSS 2.0. Share this Article

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