ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
SUVA: Prominent businessman Mahendra Patel, also known as Mac Patel has denied rumours that his company is interested in leading a buyout of Fiji Times shares.
Mr Patel, of Motibhai & Co Limited, laughed off rumours that the company was interested in the newspaper.
Speaking from his Nadi office yesterday, Patel said the rumours were news to them.
“We did not even know that Fiji Times was on sale,” he said when queried about the rumours.
“We are not interested and there have been no negotiations whatsoever.”
Australian newspaper company News Limited owns the Fiji Times.
However, under the draft of the Media Industry Development Decree, 90 per cent of such ownership must be held by local interests.
SUVA: Prominent businessman Mahendra Patel, also known as Mac Patel has denied rumours that his company is interested in leading a buyout of Fiji Times shares. Mr Patel, of Motibhai & Co Limited, laughed off rumours that the company was interested in the newspaper. Speaking from his Nadi...
SUVA: Prominent businessman Mahendra Patel, also known as Mac Patel has denied rumours that his company is interested in leading a buyout of Fiji Times shares.
Mr Patel, of Motibhai & Co Limited, laughed off rumours that the company was interested in the newspaper.
Speaking from his Nadi office yesterday, Patel said the rumours were news to them.
“We did not even know that Fiji Times was on sale,” he said when queried about the rumours.
“We are not interested and there have been no negotiations whatsoever.”
Australian newspaper company News Limited owns the Fiji Times.
However, under the draft of the Media Industry Development Decree, 90 per cent of such ownership must be held by local interests.
Leave a Comment