Telecom New Zealand plans to sell 90 per cent stake in Telecom Samoa Cellular

Telecom New Zealand is planning to sell 90 per cent of its shareholding in Telecom Samoa Cellular to Digicel (Samoa), a subsidiary of the Digicel Group. However, the Samoa government will retain its 10 per cent stake in Telecom Samoa Cellular, which operates a TDMA mobile network with 33,000 customers and is currently upgrading to a new GSM network, which is to be launched later in 2006.