Telco acquires Datec

 THE acquisition of Datec PNG Ltd is important for Telikom PNG as it embarks on restructuring its communications business towards retail, chairman Mahesh Patel, said.

Patel, pictured, said the wholesale business was in the process of being transferred to Dataco Ltd.

Datec, a subsidiary of Steamships, is a leading internet service provider and one of PNG’s largest ICT system integrators. 

Patel said Datec would be an integral part of Telikom’s strategy to expand its internet and data businesses providing converged technology solutions in addition to offering voice, data and wireless solutions and an innovative retail experience. 

“Telikom operates in a very competitive market where customer expectations are influenced by rapid advances in communications technologies and user applications, compelling service providers in the communications and ICT industries, like Telikom, to be more agile and attentive to market dynamics and consumer expectations. 

“This acquisition is a milestone for our customers and good value for our shareholders,” he said. 

When asked about the price tag Telikom offered for Datec, Patel said: “Telikom cannot disclose price tag until final settlement occurs, and this will be funded from internal resources.”

Patel said the acquisition of Datec came off the back of Telikom being awarded the rights as the exclusive provider of telecommunications services for the 2015 Pacific Games.

Telikom currently owns Kalang Advertising Ltd, which operates FM100 and the HotFM 97.1 commercial radio stations.