Australian telecommunications company Telstra Corporation on Monday said it was in discussions to buy Digicel Group's Pacific operations.
It said the negotiations will have the support of the Australian government, which will likely fund the majority of the deal amount.
The deal could be worth AU$2 billion with the Australian government paying about AU$1.5 billion.
Telstra said it was approached by the government to provide technical advice initially on Digicel Pacific.
Digicel Pacific is a leading telecom provider in Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu.
Its regional operations generated core earnings of $235 million in 2020 with strong margins.
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