Madagascar: Government puts up US$3.4 million for Cup of Nations rights for state TV

Investment

Seva Mboiny Simon, D-G of l'Office de la radio et de la télévison nationale malgache, and Volatahiana Ranaivomanana, director of the state TV channel confirmed that the Government had agreed to put up US$3.4 million to get the right for the African Cup of Nations.

This followed negotiations with the Confederation of African Football that appointed LC2 to deal with francophone territories for the 2008 event in which TVM agreed to pay 600 million Malagasy Ariary. Following the completion of negotiations Ranaivomanana said:”We are now going to be able to show the African Cup of Nations.” One local press report described the sum paid as “faramineuse” (staggering).