8 Mar 2005

The South Pacific Stock Exchange withdraws threat to deregister Fiji TV Ltd

5:10 pm on 8 March 2005

The Suva-based South Pacific Stock Exchange has withdrawn its threat to de-register Fiji Television Limited .

The threat was made last week when Fiji TV had not disclosed all relevant financial details of its recently secured rights to televise SANZAR rugby matches till 2010.

The chief executive of the South Pacific Stock Exchange, Sanjay Sharma, says they are now satisfied the 5-year deal is an ongoing contract and not a new one.