19 Oct 2007

Bids for buying Samoa's public broadcaster put on hold

1:05 pm on 19 October 2007

The opening of bids for the purchase of Samoa's public broadcaster which was scheduled to take place yesterday has been put on hold.

The acting chief executive officer of Samoa's Ministry of Finance, Noumea Tate Simi, has confirmed the hold up but cannot explain why.

A source says four of the seven interested companies have already been asked to put in their bids.

The Minister of Broadcasting, Safuneitu'uga Pa'aga Neri, has already made public that the privatisation of SBC will happen next month.

But the current situation within the Ministry of Finance could reportedly prolong the process of privatisation of the Samoa Broadcasting Corporation .

Two overseas companies including Fiji Television were among the seven companies who have shown interest of owning the SBC television and radio stations.