7 Nov 2007

PNG's Wesram invests in Fiji media

11:58 am on 7 November 2007

Fiji's Channel 2 has a new investment partner from Papua New Guinea.

Wesram Finance Fiji, a subsidiary of Wesram Finance which is a Port Moresby based soft loan finance company, has taken up a stake in the television station.

Wesram's chief executive, Wesley Raminai, declined comment to the Post Courier on the investment.

Fiji's Channel 2 chief executive officer, Mohammed Salamat Ali, told Fijilive that Mr Raminai had diverse business expertise.

The channel was issued a 12-year free-to-air television broadcast licence by the interim Government of Fiji on October 29, and is expected to launch it in December.