Innovative approach vital: PM

DELIVERY of essential services requires a more innovative approach by State-owned enterprises if they are to remain competitive, Prime Minister James Marape says.
He made the statement while commenting on the National Executive Council’s (NEC) approval last month for the partial privatisation of Telikom Ltd.
“The delivery of essential public utilities such as electricity, water, and communications by state-owned enterprises, requires a more innovative approach if they are to remain viable and competitive,” Marape said.
“The partial privatisation of Telikom Ltd is a major step in the recapitalisation and monetisation of PNG’s non-oil, gas and mineral assets and an opportunity to broaden the ownership of the companies.
“The liberalisation of the telecommunications industry for the benefit of the citizens of Papua New Guinea has remained my focus, since taking the oath of office in June 2019. This commitment will lead to more affordable communication, greater reliability, and accessibility.
“Communication and the transfer of information across the country and the region is vital to sustained social and economic prosperity.”
Marape said partial privatisation would lead to expansion and innovation, not job losses.
“It will lead to improved security, governance, and accountability.
“This is an opportunity to place private sector resources where we can see the greatest return on investment and re-harmonise the markets where they operate.
“I encourage the support of all Telikom employees and stakeholders of this privatisation programme.”
He also commended the superannuation funds for their consideration to support the privatisation of Telikom.
“With the support of these successful institutions, Telikom will quickly re-establish itself as the preeminent telecommunication company, owned by Papua New Guineans, supported by Papua New Guineans, for Papua New Guineans.”
He said under the stewardship of State Enterprises Minister William Duma, Kumul Consolidated Holdings (KCH) has driven the privatisation programme to date, including the merger of Telikom and Bmobile.