Australian Government-backed Telstra, a telecommunications company, completed the acquisition of Digicel Pacific, a mobile phone network and home entertainment provider, for $1.6bn. "On completion of the deal, Digicel Pacific will be run as a separate business within our International division – this will include maintaining separate P&L and IT systems.  We will also retain the same Digicel brand that its customers across the Pacific region know and love, and the Digicel Pacific management team will continue the day-to-day running of the business," Andrew Penn, Telstra CEO.