MultiChoice

MultiChoice lists on Johannesburg exchange

Naspers-backed MultiChoice Group’s shares rose respectably yesterday after the company listed on the Johannesburg Stock Exchange. The new listed company includes MultiChoice South Africa, MultiChoice Africa Holdings, SVOD outfit Showmax, digital platform security provider Irdeto, and all their subsidiaries and affiliates. However, a slight shadow was cast over the listing by regulator Icasa, which expressed […]

Naspers to spin off MultiChoice at end of February

South African conglomerate Naspers is to move ahead with its spin-off of pay TV group MultiChoice on February 27, giving Naspers shareholders a direct stake in the pay TV outfit and listing the company on the Johannesburg stock exchange. In its statement ahead of the listing on the Johannesburg stock exchange, Naspers said that it […]

MultiChoice Kenya joins association to fight piracy

African pay TV operator MultiChoice’s Kenyan unit has joined local industry association the Technology Service Providers of Kenya (TESPOK), an outfit created to lobby the Kenyan government to provide a regulatory and commercial environment conducive to investment in information communication and technology. MultiChoice is the first broadcaster to joint TESPOK, with the stated aim of […]

Naspers names new MultiChoice management team

South African conglomerate Naspers has named a new leadership team for soon-to-be spun-off pay TV arm MultiChoice under a new CEO, Calvo Mawela. Mawela will take over as CEO of the new group, which encompasses MultiChoice South Africa, MultiChoice Africa, OTT TV arm Showmax Africa and content security specialist Irdeto, from November 1. He is […]

Naspers to spin off MultiChoice

South African conglomerate Naspers is to spin off Africa’s leading pay TV operator MultiChoice as part of a move designed in part to assuage investor concerns about its own share price. Naspers plans to float MultiChoice on the Johannesburg Stock Exchange and simultaneously unbundle the shares in the business to its shareholders. The new company, […]

South African minister moves forward on digital switchover

South Africa’s minister of communications Nomvula Mokonyane has named the members of the Broadcasting Digital Migration Advisory Council that will advise her on matters relating to digital switchover and the development of digital-terrestrial TV. The naming of council members follows the appointment of Aldred Dreyer as project director for the DTT Programme Management Office (PMO). […]

AzamTV lining up for Zimbabwe launch

Pay TV service AzamTV is to expand beyond its East African home territory with a launch in Zimbabwe, according to local press reports. Azam Media parent Bakhresa Group’s general manager was cited as saying the had been in discussion with the Zimbabwean officials and the local regulator to secure relevant permissions for the project. AzamTV […]

South Africa sets subsidised box deadline

The South African government’s communications department has set a deadline of March 31 for registration to receive subsidised digital-terrestrial set-top boxes in the North West and Free State provinces. Families earning below ZAR3,200 (€189) qualify to receive the government-subsidised decoders. Qualifying households can register at their nearest Post Office. Communications department officials are currently taking […]

African pay TV subscriber numbers to grow 74% by 2023

The number of pay TV subscribers in Sub-Saharan Africa is due to increase by 74% between 2017 and 2023 to reach 40.89 million, according to new research. The Digital TV Research report claims that over the same period Sub-Saharan pay TV revenue will climb by 41% to US$6.64 billion, with subscriber growth outstripping revenue as […]

MultiChoice to probe its ANN7 deal amidst controversy

Naspers-owned South African pay TV outfit MultiChoice is to investigate whether there was any evidence of wrongdoing related to its contract with news channel ANN7, which was owned until earlier this year by the controversial Gupta family, according to local reports. MultiChoice will investigate whether what it paid for carriage of the channel was in […]

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