ANZ Fiji has announced it would finance Amalgamated Telecom Holdings’ (ATH) investment in the Bluesky Pacific Group, helping to cement ATH’s position as the telecommunications market leader in the South Pacific.
Speaking at the signing of a finance agreement between ANZ and ATH, ANZ Fiji Country Head, Saud Minam, said: “We are pleased to have been a central part of ATH’s expansion in the South Pacific over the past three years.
“Our own presence in Fiji, Vanuatu, American Samoa, Samoa, Cook Islands and Kiribati mirrors ATH’s footprint, giving ANZ a strong competitive advantage.
“Fiji is the regional hub for ANZ and ATH. We’ve had strong economic growth here over the past nine years and the outlook continues to be strong. The Information and Communication sector is a consistent contributor to GDP and we’re pleased to support this growth.”
ATH Chairman, Ajith Kodagoda said: “As we continue to actively drive growth initiatives across the region, we are pleased to have ANZ’s support.
“ANZ has a solid understanding of our needs and we have seen a strong level of management commitment to a partnership approach with us.”