AFTI Corporation to buy back all Ad spaces of SYM Network
In a bold and strategic move, AFTI Corporation has decided to buy back all existing ad spaces from the clients of its media subsidiary, Sakaratmak Youth Media (SYM) Network. Recognizing the future potential of SYM Network, AFTI Corporation plans to leverage this platform for its own marketing, branding, and advertising activities.
AFTI Corporation has instructed SYM Network to terminate all existing contracts with various clients, including banks, insurance companies, colleges, manufacturing firms, government entities, FMCG brands, and others. This process will involve either letting contracts end naturally, returning remaining advance payments, or compensating clients through referrals.
The value of this deal is a staggering 1 crore 20 lakhs per annum. Group CEO of AFTI C...