Telstra to buy Digicel Pacific in Australia govt-backed $1.6b deal

Telstra to buy Digicel Pacific in Australia govt-backed $1.6b deal

Photo by Priscilla Du Preez on Unsplash

Telstra Corp Ltd said on Monday it agreed to buy the Pacific operations of telecom firm Digicel Group in a $1.6 billion deal largely funded by the Australian government and seen as a way to contain China’s rising influence in the region.