The telco contributed just $US270 million to the deal, with the government funding the rest due to security concerns.
www.afr.com
“Telstra has completed its takeover of Digicel Pacific on behalf of the federal government, which funded the $US1.6 billion ($2.4 billion) deal fearing it may be picked up by a Chinese state-owned entity and used for espionage.
Inherited from the Morrison government, the new Anthony Albanese-led government confirmed it had contributed $US1.33 billion to the buyout and Telstra a far more modest $US270 million. However, Telstra will get all the ordinary equity and priority dividend payments under the sweetheart deal.”
Now that’s one sweet deal by the Australian govt