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Mike Tavioni is demanding that locals be given more time to band together and make an offer on Telecom New Zealand’s majority stake in Telecom Cook Islands.
The Democratic Party will push to have Telecom Cook Islands owned by a majority of local shareholders if it comes into power, says leader Wilkie Rasmussen.
Internet provider O3b is preparing to launch its second group of four satellites in June, which should provide a more robust service for Cook Islanders.
Telecommunication Minister Mark Brown has dismissed an idea to use assets held in the Cook Islands National Superannuation Fund to purchase Telecom New Zealand’s 60 per cent stake in Telecom Cook Islands.
Any locals willing and able to pay $23 million for the lion’s share of Telecom Cook Islands will soon get their chance to make an offer.
Digicel says it is too soon to know whether it will cut jobs at Telecom and it will need more time inside the organisation to make that decision.