On 31 May 2013, the Regulator gave its consent for the transfer of control over Telecom Vanuatu Limited (TVL) to MTIV. This is a commercial agreement between the companies; TRR however is required under the TRR Act 2009 to ensure the regulatory processes were followed. TVL still remain the holder of the Licence and a major player in the telecom market of Vanuatu. The Regulator is pleased with such partnership as it will enhance market development and competition within the sector.