Fareed: Fiji TV won’t merge with FBC; restructure plans now in place

Fijian Holdings Limited chief, Nouzab Fareed has today dismissed rumours that Fiji Television Limited will merge with the state owned broadcaster, FBC.He said that this will not happen.

Fareed has confirmed that restructure plans are now in place at Fiji TV and the changes will be revealed soon.

FHL is now the majority shareholder of Fiji TV after it acquired Yasana Holdings’ shares for $25 million.
FHL now owns 58 percent of Fiji TV and Fareed has revealed that they will ensure that there is a good return on the investment for the shareholders of FHL.