Cable & Wireless Communications (CWC) today announced that it has completed the sale of its 49% stake in Fiji International Telecoms Limited (FINTEL) to Amalgamated Telecoms Holdings Limited (ATH) for a total cash consideration of approximately USD10.6 million. CWC’s statement said that the sale is consistent with its strategy to ‘reshape its portfolio and develop the business around full-service telecommunications operations in a series of core regional hubs’. FINTEL provides international telecommunications solutions in Fiji, as well as wireless broadband and internet service provider (ISP) services.
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OVETEL CWC completes sale of its 49% stake in FINTEL
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