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 […]
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 […]
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 […]
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, […]
Naspers has appointed the managing director of Ericsson’s Nuvu on-demand service, Niclas Ekdahl, as the CEO of its recently formed connected video unit. Ekdahl is due to take up his new role on September 10, heading up the unit that runs the Showmax and DStv Now internet TV services in Africa and is responsible for […]
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 […]
Vodafone Ghana has teamed up with Naspers-owned subscription video-on-demand service Showmax to provide content for its broadband customers. Vodafone is offering new and existing ADSL and fibre broadband customers in the country with unlimited access to Showmax content and 3GB of additional data for 30 days at no extra cost to promote Showmax to its […]
Naspers is considering the sale of its African pay TV business outside its home market of South Africa as one of a number of options for the service, according to local reports. According to Bloomberg, citing two unnamed sources, Naspers is looking at a sale because of slow economic growth in key African markets and […]
Naspers-owned subscription video-on-demand service ShowMax has teamed up with Vodafone-backed South African mobile operator Vodacom to offer a low-cost OTT TV service available exclusively to Vodacom customers. The new service, ShowMax Select, will be available on smartphones and tablets, priced at ZAR49 (€3.50) per month. The offering gives subscribers unlimited access to a catalogue of […]
Naspers-owned South Africa-based ShowMax has launched a mobile-focused subscription video-on-demand service in Kenya. The video-on-demand outfit has teamed up with mobile telecom operator Safaricom to launch the service, which will offer two packages targeted at users in the East African country. ShowMax Premium will be available for KES880 (€7.70) a month, offering a full range […]
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