Telecom Cook Islands senior management has joined a consortium led by local Cook Islands investors to submit a formal expression of interest for the 60 per cent Telecom NZ shareholding in Telecom Cook Islands.
Local businessman William Framhein has joined forces with an overseas telecommunications company and made an 11th-hour offer to buy the Telecom Cook Islands shares.
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.