PNG's EMTV to be controlled by local company
DetailsRebecca Hawkes | 10 February 2015
Fiji Television has agreed to sell its majority stake in the owner of Papua New Guinea's longest running free-to-air (FTA) TV company Media Niugini Limited (MNL) to Telikom PNG.
Telikom PNG, a subsidiary of the Independent Public Business Corporation (IPBC), will now run MNL's EMTV subject to regulatory approval in Fiji and PNG. An Extraordinary General Meeting of Fiji Television will be held in March.
Nouzab Fareed, group CEO of Fijian Holdings Ltd, said that after being owned by Fiji TV for eight years, the people of PNG could be really proud they now owned a great organisation.
Michael Donnelly, CEO, Telikom PNG, added: "We are a PNG-owned company, so building capability within these companies is very much part of our vision and mission as opposed to just running commercial businesses.
"There is a convergence in the marketplace, not just between fixed line, business and mobile, but what consumers want to do on those devices.
"Clearly, Media Niugini Limited, being a strong content owner and builder, is very attractive to our telephony customers."
Telikom PNG reportedly plans to implement digital services through EMTV within the next 12 months.