20 Dec 2007

One bidder remains for Samoan public broadcaster to be privatised

7:10 pm on 20 December 2007

Reports from Samoa say only one bidder remains to take over the Samoa Broadcasting Corporation, which is the public broadcaster about to be privatised.

A source in the Ministry of Finance says Radio Polynesia Limited, which is a privately owned radio station, has pulled out after inspecting all transmitter sites for SBC television and two radio stations.

This means the Samoa Quality Broadcasting, which is owned by several senior SBC staff and some local business people, is the only company left.

A senior official in the Ministry of Finance says the planned privatisation of the public broadcaster has been deferred to January.

Meanwhile, the cabinet is reportedly yet to decide on the redundancy packages for the staff of the Samoa Broadcasting Corporation.