This Determination relates to the notice given under Section 81 of the Independent Consumer and Competition Commission Act 2002 ("ICCC Act") by Telikom PNG Limited seeking clearance from the Independent Consumer and Competition Commission for its proposed acquisition of all shares in Datec (PNG) Limited from Steamships Trading Company.
The Commission gave clearance for the proposed acquisition to proceed and gave the notice accordingly under Section 81 (3) with the following notes:
a) In accordance with Section 81 (6) of the ICCC Act, this clearance notice expires 12 months after the date on which it is given. The parties are expected to conclude their transaction within that period
b) However is the transaction has been concluded prior to this decision, the clearance does not apply to it and the acquisition is open to be challenged under the ICCC Act.