South Pacific's largest radio broadcaster, Communications Fiji Limited is celebrating it's 41 years of serving it's listeners and followers today, and as part of this celebration, a CFL Gratitude Concert is being organised for everyone at Albert Park on the 25th of this month.
CFL which is the parent company of FM96, LegendFM, VITIFM, Navtarang, Radio Sargam, fijivillage, Total Event Company, and PNGFM, started it’s operations on the 5th of July 1985 when it's first radio station known as Suva's FM96 went on air.
CFL General Manager, Charles Taylor says this is an exciting time for CFL, and the Gratitude Concert is a special way to thank all our listeners.
The confirmed artists so far are Georgina Ledua, Waikoula Kei Tavua, Laisa Vulakoro, The Gang, and Seru Serevi.
More artists will be announced later.
The CFL Gratitude Concert starts at 3pm on 25th July.
There will also be food stalls and a bouncy castle.
Everyone is invited for this free concert as we thank our listeners and followers during our 41st birthday celebrations.
People can also watch the concert live from 4pm to 11pm on our website,
fijivillage and facebook pages, fijivillage and Communications Fiji Limited.
Taylor adds that as part of it's expansion plans, CFL has already opened an office in Nadi and a major studio renovation plan is ready to roll out.
CFL has also announced the completion of a Sale and Purchase Agreement to acquire the remaining shareholding in 231 Waimanu Rd Limited, the holding company of CFL’s studio and office complex in Suva, from Hari Punja and Sons Limited and Carlisle Investments Limited.
Company Chairman William Parkinson has said fully owning our home at 231 Waimanu Rd is a significant milestone for CFL.
He says not only is it a sound investment, but it also allows CFL to offer financiers strong ‘bricks and mortar’ security in both Fiji and Papua New Guinea.
Parkinson says this positions the company well to support future growth.
He explains that since the property's development in 1996, CFL has maintained a 50 percent ownership interest, in various forms, in 231 Waimanu Rd Limited alongside the two shareholders.
Upon completion of the transaction, CFL will increase its shareholding to 100 percent.
The $3.6 million investment will be financed through a combination of bank debt and a modest equity component.
The acquisition is expected to be largely self-funding through additional rental income and is therefore anticipated to have a limited impact on company profitability.
Under the terms of the agreement, the settlement is expected to occur on or before the 31st of this month.
