Cameron LLP Advises Government of Samoa in Successful Telecommunications Privatization
On March 31, 2011, the Government of the Independent State of Samoa announced the completion of its successful sale of a 75% interest in SamoaTel Limited to a consortium led by Blue Sky Communications, a subsidiary of eLandia International, Inc. (OTC BB: ELAN.OB). Prior to the sale, SamoaTel was wholly-owned by the Government. This divestiture constitutes a major component of the Government’s plans for enterprise reform and privatization of nonstrategic public enterprises. The project was undertaken in conjunction with the World Bank Telecommunications Sector Project. The remaining 25% of SamoaTel will be transferred by the Government to the Unit Trust of Samoa, a vehicle established to enable Samoan citizens to invest in several of the country’s privatized companies.
Cameron LLP served as international counsel to the Government’s SamoaTel Privatization Committee. The Cameron LLP team was headed by partner Tom Skilton who has advised governments and private parties in connection with privatizations in a variety of industry sectors and on four continents. Cameron was part of a team of transaction advisors led by Nathan Associates, Inc. and also including SINTRA Consulting Inc. and Stevensons Lawyers (Apia, Samoa).