07:22 Today (February 8, 2013)
Report by: Rita Narayan
The Fiji National Provident Fund and Vodafone Fiji have set their eyes on the lucrative mobile telecommunications sector in Papua New Guinea and Solomon Islands.
An agreement is expected to be finalised soon.
FNPF will invest capital to take a 41 per cent stake in the venture with the Independent Public Business Corporation which will own 51 per cent shareholding.
Existing shareholders including PNG superannuation funds, Nasfund and Nambawan Super as well as PNG Sustainable Development Programme will hold the remaining eight per cent.
Vodafone Fiji will manage the companies under a management contract.
Managing Director Aslam Khan offered no comments on behalf of Vodafone Fiji.
Questions sent to FNPF yesterday are yet to be addressed.
- INTELLIGENT RESISTANCE -
Free. Fair. Fearless. Intelligentsiya is made up of Fiji Islanders who are libertarians in their own way and who cherish the free flow of news, ideas and information and will peacefully resist any attempts by the country's military rulers to stifle free speech. intelligentsiya will also bear witness, report and discuss human rights abuses by the authorities.
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