MTN Group plans to buy music streaming provider Simfy, according to a report.
Business Day quoted MTN CEO Rob Shuter as saying that Simfy would continue to operate as a standalone entity and would not be rebranded.
Simfy Africa, originally owned by a unit of Primedia, has been shareholder-owned since a management buyout a few years ago.
The music streaming service was launched in South Africa in August 2012.
Simfy, which was originally available in Germany, Austria and Switzerland, was placed into liquidation in April 2015, according to reports at the time. — (c) 2018 NewsCentral Media