Telecom has sold its Walu Bay property to a Chinese company by the name of Moonlight for a reported 3.75 million dollars.
The property is worth more than 10 million dollars and is right next to Suva Port.
The directive came from AG's office to sell all their properties some months ago and Ajith Kodagoda has been pushing the management to follow through.
The Ganilau house will also be sold soon, possibly to Bred Bank. Discussions are underway.
TFL was expecting 80 million dollars but it's not known what the agreed amount is yet.