Amalgamated Telecom Holdings has a new subsidiary company after investing over $1.75 million to acquire 51 percent shares in Pacific Emerging Technologies Limited or PET and plans to expand its services in 19 Pacific island countries over the next few months.
ATH CEO Tomasi Vakatora said PET is a locally registered company, with 49 percent owned by Pacific Electronic Commerce Limited of Sydney and is licensed to provide technology for electronic prepayment of telecommunication services.
Vakatora said consumers will have ready access to mobile prepay stations and enable payment of charges such as energy and water consumption.
He said this sets the platform for ATH to launch its Pacific Plan and expand into the region and get fair returns for shareholders.
The ATH group of companies now includes TFL, Vodafone Fiji, Fiji Directories, Connect, Transtel, Xceed Pacific, ATH Technology Park, ATH Call Center and PET.
ATH acquires new company
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