Regulator approves Transfer of control: Can’L (Vanuatu) Ltd sells its shares

On 10 September 2013, the Regulator approved the “transfer of control” from Can’L SASS Noumea to Vanuatu Technologies Enterprise Limited (VTE Ltd), given that VTE Ltd will buy the shares of Can’L (Vanuatu) Ltd. TRR is of the view that such transfer will not affect the Licence issued to Can’L (Vanuatu) Ltd. Can’L (Vanuatu) Ltd will still remain the holder of the Telecommunications Licence, which means that Can’L will still the named “Licensee” under the Telecommunications and Radiocommunications Regulation Act (2009). The decision of Can’L Ltd to sell its shares is a business decision of its owner. TRR, however, has to make sure that regulatory process is followed to ensure any contract concluded under this arrangement is lawful and in compliance of the Act and Licence. TRR wishes the new owner of Can’L (Vanuatu) Ltd well and encourages it to work together with other licensees in developing the telecommunications market of Vanuatu and the sector at large.

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