ICCC to recommence the review of KCHL’s authorization application for the proposed merger of Telikom PNG Ltd and PNG DataCo Ltd
The Independent Consumer and Competition Commission (ICCC) would like to inform industry stakeholders and the general public that Kumul Consolidated Holdings Limited (KCHL) has advised the ICCC to recommence the assessment of the application for authorization for the proposed merger of Telikom PNG Limited (Telikom) and PNG DataCo Limited (DataCo).
ICCC Commissioner and Chief Executive Officer, Mr. Paulus Ain said that the review of the Authorization application was put on hold due to the withdrawal of the Clearance application for the proposed merger in August 2017 and that KCHL, as the applicant, exercised its rights under the ICCC Act to withdraw the Clearance application.
KCHL, however, has recently asked the ICCC to recommence the assessment of its Authorization application. Therefore, the ICCC now advises relevant stakeholders and the general public that it has recommenced the assessment of the Authorization application.
Commissioner Ain, said, “We welcome the request by KCHL for ICCC to recommence the review of the pending Authorization application.”
He added that ICCC will work with KCHL and other relevant stakeholders to expedite the assessment of the application and give a decision within the number of days required under the ICCC Act.