VANUATU PAY TV PLAN DEFERRED

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PORT VILA, Vanuatu (November 16, 1998 - PACNEWS)---The proposed Vanuatu multi-channel Pay TV system has been deferred by the Foreign Investment Board (FIB) because some requirements were not met by investors in the project.

Sources say interested investors used ni-Vanuatu to apply pressure to the board and attempted to bypass the board's decision by seeking political pressure through the Prime Minister's Office.

FIB's Acting Chief Executive Officer Howard Aru says the proposal will be reconsidered at a later date.

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