The business is headquartered in Samoa and serves people across Tonga, American Samoa and Samoa.
In October, Tower purchased an additional 22% stake in NPI from its second largest shareholder for approximately $3.4m or 14.00 Samoan Tala per share, bringing Tower’s total shareholding to over 93%. Following this acquisition, Tower will seek to purchase the remaining shares from minority shareholders, via a compulsory acquisition as allowed under NPI’s governing documents and local laws.