22 Jun 2017

Another record year for Samoa investor, but changes loom

From , 5:00 am on 22 June 2017

The Unit Trust of Samoa has had another record year but ownership of a key strategic investment is about to change.

The Samoa government backed trust's year-end payout of just over one and a half million US dollars was buoyed by a US$400-thousand dividend from its quarter share in local telecommunications company BlueSky Samoa.

The majority owner of the Samoan telco is Spanish communications company Amper, with just under 55%.

The Fiji government owned Amalgamated Telecom Holdings Ltd have 18%.

But as the Unit Trust's chief executive Sa'u Justina Sa'u told Dominic Godfrey, this is about to change.

Unit Trust of Samoa CEO, Sa'u Justina Sa'u

Unit Trust of Samoa CEO, Sa'u Justina Sa'u Photo: UTOS