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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.
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