Fiji TV out of divestment in PNG
September 5, 2015 6:03 am
Fiji Television and Telekom PNG have parted ways from the proposed transaction in Media Niugini Limited.
The company was unable to secure the National Rugby League rights in Papua New Guinea.
Fiji TV Executive Director Nouzab Fareed says the company had met all other conditions.
" As of today Media Niugini goes back to Fiji TV. PNG Media market is going through a tough competition. There are more players. Pay TV there are more players and free TV there are more players so definitely there is a competitive market compared to Fiji."
Earlier this year, Fiji TV signed a Sale and Purchase agreement with Telekom PNG to divest its 100 percent stake in Media Niugini Limited.