8 Sep 2008

PNG watchdog looks into planned partial privatisation of Telikom

3:21 pm on 8 September 2008

Papua New Guinea's consumer and competition watchdog is to investigate the partial sale of the state-owned B-Mobile network amid claims of a conflict of interest.

The PNG Government plans to privatise half of its mobile telephone company to a consortium including General Enterprises Management

Management, or GEMS.

But PNG's Independent Consumer and Competition Commission has ordered GEMS to sell off its majority shareholding in another PNG phone company, GreenCom, before any joint venture can go ahead.

The Commission wants to scrutinise the deal between B Mobile and the consortium as well as details of the PNG government's financial evaluation of the B-mobile phone company.

Commissioner Thomas Abe said they have given the government 14 days to provide the relevant information.