FNPF positive on moving forward on BeMobile

FNPF positive on moving forward on BeMobile

By fijivillage.com
08/08/2013
FNPF said it remains positive that parties involved in the BeMobile share subscription agreement would explore all alternative structures going forward.

In a FNPF statement, Chairman Ajith Kodagoda confirmed that the BeMobile share subscription agreement was not completed as certain conditions critical to the achievement of the business plan projections were not met.

Kodagoda said that as custodians of members’ funds, the Board is mindful of its duties to protect and grow members’ savings and will always act in their best interest at all times.

He said FNPF has recommenced talks with the Independent Public Business Corporation (IPBC) of PNG.

The Post Courier had reported that Vodafone Fiji has backed out of the deal with BeMobile due to differences over the use of a contractor to rollout the new infrastructure.

The joint-venture agreement would have seen Vodafone Fiji manage BeMobile’s telecommunications system and the PNG government’s IPBC would own 51% share equity while the Fiji National Provident Fund could have 40%. 

Vodafone Fiji Managing Director, Aslam Khan had said he will not make any comments.                                             

Story by: Sofaia Koroitanoa 
FEATURE NEWS
Lynda Tabuya will not be the next AG – Rabuka
Following the dismissal of Graham Leung as Attorney General, Prime Minister, Sitiveni Rabuka confirms that Lynda Tabuya will not be the next Attorney ...
12 hours ago
LATEST NEWS
Sayed-Khaiyum and Sagar's PTC to continue on July 3rd
Fijian Broadcasting Corporation’s former CEO, Riyaz Sayed-Khaiyum and the company’s Chief Financial Officer, Vimlesh Sagar's pre-trial conference ...
12 hours ago

Former employee applies for leave to appeal but TFL says proceedings would have continued if trial dates were not vacated
A former employee of Telecom Fiji PTE Limited, Patrick Victor Adrian has applied for leave to appeal while the legal counsel for TFL stresses that ...
12 hours ago

People in Rakiraki hoping for VAT reduction and better sugar price to ease cost of living
People in Rakiraki are hoping for the VAT rate to decrease from 15 percent as it will result in the price of groceries to go down and help the ...
12 hours ago

We are all backing the PM in his bid for re-election - Kamikamica
Deputy Prime Minister and Minister for Trade, Manoa Kamikamica says some discussions are being made around the Commission of Inquiry related to ...
12 hours ago

Navosa district calls on Education Ministry for special schools in Navosa
The Head of School at Natutale Primary School in Navosa, Patemo Tubua, is calling on the Ministry of Education to set up a special school in the ...
16 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Barbara Malimali suspension and dismissal of AG Graham Leung
Barbara Malimali has been suspended with immediate effect as Commissioner of FICAC pending investigation by the Fiji Police Force of allegations ...
3 days ago

Viliame Naupoto on fijivillage Straight Talk With Vijay Narayan
The candid interview focused on a wide range of issues, including work at the Immigration Department, the shortage of passports, permits, and migrant ...
6 days ago

Asta Sonner and Ratu Inoke on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ratu Inoke Drauna who is the founder of Aruka Fiji - an organization that is self funded to look after the struggling people on ...
6 days ago

TOP