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Taxpayers sink $2 billion to keep Pacific telco out of Chinese hands

by Cameron Sinclair •
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Australian taxpayers will spend almost $2 billion so Telstra can purchase debt-laden Pacific telco operator Digicel, a strategic deal aimed squarely at preventing the company falling into Chinese hands.

After more than a year of negotiations, the Australian government is handing Telstra a package worth around A$1.78 billion (US$1.33 billion)...

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