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FINANCIAL NEWS
FMG to launch TV, radio stations in South Sudan
16 Apr 2011
(MENAFN) Fujairah Media Group (FMG) stated that it singed a deal with Sudan’s Central Equatoria state by which it would launch TV and radio stations in South Sudan, which would gain its independence from Sudan in less than 2 months, reported The National.
FMG also said that it has plans for setting up television and radio stations in South Sudan as well a trade and services hub in the UAE. The company pointed out that it would also co-operate in other key areas of the country as a part of the deal.
The group added that in December 2010, FMG planned to initiate a franchise-style TV business in Africa as a part of a plan to make up half of its total revenues from Africa by the end of 2012.
It is worth noting that The Fujairah Radio Network, a part of FMG, purchased a 50 percent stake in the European radio station JazzRadio Berlin in 2010, in a US 3.61 million deal.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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