BlueSky Samoa pays U.T.O.S. $1.1 million dividend

Telecommunications company BlueSky Samoa Ltd has presented a dividend cheque of $1.1 million tala to one of its shareholders Unit Trust of Samoa (U.T.O.S).

The payment of dividend by BlueSky Samoa brings the telecommunication company's total payment to U.T.O.S. to $7.5 million.

The dividend presentation was done at the U.T.O.S. boardroom Monday with the newly appointed BlueSky Samoa Chief Executive Officer, Satish Sharma, handing over the cheque to the local investment organisation.

U.T.O.S. Chief Executive Officer, Tevaga Viane Tagiilima, praised their partnership with BlueSky and indicated that the dividend payment was not the first return-on-investment payment to them. 

“To date, U.T.O.S has received a total of $7.5 million dividend from its investment in BlueSky since its investment in December 2011, (which) include the $1.1 million dividend received today,” he said.

“I would like to take this opportunity on behalf of the chairman, the board of directors, management and staff of BlueSky Samoa for another successful year.”

The U.T.O.S. – which is a Samoa Government-run investment company – has 2,500 unit holders. 

Tevaga also used the opportunity to encourage members of the public to consider investing in the U.T.O.S. as well as subscribe to the services offered by the BlueSky in order to benefit from both companies. 

“BlueSky is looking forward to improve returns from BlueSky Samoa which is the BlueSky Group flagship, under the leadership of the newly appointed C.E.O,” he said.

The M-Tala was launched by BlueSky in February this year and is the telecommunication company's first phone-based payment application, which Mr Sharma on Monday highlighted as an example of their partnership with BlueSky Samoa Ltd.  

Bg pattern light


Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?