China’s digital pay-television company StarTimes walked away the winner on Tuesday in the TopTV takeover saga, although at least one of the losing consortiums is considering challenging the legality of the deal. Government will be the biggest loser with losses over R1bn. The meeting
Browsing: MultiChoice
Just a day after it was revealed that a consortium led by MSG Afrika, backed with funding from MultiChoice, was making a bid to buy troubled pay-television operator TopTV, it has emerged that a second company, Wananchi Group, has submitted an expression of interest of its own
DStv operator MultiChoice, which is owned by media giant Naspers, has agreed to back a bid by a broad-based consortium wanting to buy into and rescue the financially troubled On Digital Media (ODM), owner of TopTV. A broad-based consortium led by businessmen
A consortium led by businessmen Given Mkhari and Malose Kekana has made an unsolicited offer to buy a stake in struggling pay-television operator TopTV, website BDlive reported on Monday. TopTV is owned by On Digital Media, which is currently trading under a “business rescue” in
Financially distressed pay-television operator TopTV has been given the nod by its regulator to broadcast thee adult content channels. The company may only broadcast the channels — Playboy TV, Desire TV and Private Spice — between 8pm and 5am, the Independent Communications Authority of South Africa (Icasa) has ruled
TopTV parent On Digital Media is turning to China in an effort to stave off business failure. The proposed deal will result in China’s StarTimes taking a 20% stake in the business, the maximum foreign shareholding allowed for South African broadcasters. The troubled operator
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
Financially distressed pay-TV operator TopTV, owned by On Digital Media and which is under “business rescue” in terms of the Companies Act, is discontinuing two of its channels this week. “As TopTV continues to operate under the business rescue plan … it has become necessary
The Independent Communications Authority of South Africa (Icasa) has given the go-ahead to Sentech, the state-owned company responsible for building the country’s digital television broadcasting network, to run a pilot this year of a new technology “profile”, called DVB-T2-Lite, for delivering TV broadcasts
Pay-television operator MultiChoice’s new bouquet of channels, the DStv “Family pack”, effectively replaces the two poorly performing DStv Select bouquets it introduced in partnership with Vodacom six years ago. Although the broadcaster will continue to offer the Select bouquets