The pay-TV operator formerly known as Telkom Media has received the green light from the Independent Communications Authority of SA (Icasa) to begin operating, according to an article in Business Report.
The newspaper says the prospective broadcaster, now known as Super5Media, has received approval for its change in shareholding from the telecommunications and broadcasting regulator.
It’s been a circuitous route to air for Super5Media, which began life as a subsidiary of Telkom. The fixed-line operator later decided that broadcasting was not part of its core business and sold the company to a consortium called Shenzen Media SA.
At one time, Telkom Media had been seen as the likely strongest competitor to incumbent pay-TV operator MultiChoice, which owns DStv.
According to Business Report, Super5Media must submit its shareholders’ agreement to Icasa within 60 days and provide an assurance that it will not contravene regulations which prohibit foreign companies from owning more than 20% of SA broadcasters. — Staff reporter, TechCentral
