A focus on developing classifieds websites and building digital terrestrial television networks in Africa will lead to a big increase in development spending by Naspers in the second half of its current financial year, the media and Internet group said on Tuesday
Browsing: Koos Bekker
Naspers has announced a number of changes to its board of directors reflecting the rapid expansion of its subsidiary MIH Holdings, which now accounts for most of the group’s market value, and the relative decline in contribution by its traditional print assets. In a statement
Naspers is within a whisker of smashing through R1 000/share for the first time and reaching a market capitalisation of R400bn thanks to an 80%-plus surge in its share price in the past 12 months. The growth in its value in recent years has been nothing short of
Naspers-controlled pay-TV operator MultiChoice, which owns DStv and SuperSport, may soon face a probe by South Africa’s competition authorities after rival On Digital Media (ODM), which owns TopTV, accused it of anticompetitive abuses. TechCentral can reveal exclusively
Six months after Sprint announced it was in talks to sell 70% of its equity to Japan’s SoftBank for US$20bn, Dish Network Corp, a US direct-to-home satellite pay-TV operator with 14m subscribers, has put in a bid of $25,5bn to buy the wireless communications firm. It’s a move
The influence of the powerful and politically well-connected Gupta family is set to grow this year with the addition to its media portfolio of a 24-hour news channel on the continent-wide DStv satellite platform, and a new prime-time slot on SABC. The owners of
When Naspers stumbled on a little-known Chinese Internet company in 2001, it could not have dreamed that a US$32m investment would account for more than 80% of the media conglomerate’s R200bn market cap now. Tencent Holdings is the largest Internet solutions provider in China and Naspers, which
The man who helped pioneer media giant Naspers’s online expansion, Antonie Roux, passed away in a hospital in Germany in Sunday after undergoing surgery. He was 54. Roux, who was a former CEO of Internet service provider MWeb, joined the Naspers group as a junior technician in 1979 and was a founding member of pay-TV
Telkom did something last week no one thought it ever would: its Internet service provider, TelkomInternet, jumped onto the uncapped broadband bandwagon, adopting a market trend started 18 months ago by its rival, MWeb. The news came as a
Naspers MD Koos Bekker has lamented the lack of broadband in SA, describing it as a “tragic story” created by a decade of poor regulation. Speaking on Talk Radio 702’s The Money Show with Bruce Whitfield on Monday evening, Bekker