Browsing: Peter van den Steen

News
Adult channels about money, court hears

The decision to launch three adult pay channels on local television is about money, nonprofit organisation Doctors for Life told the Western Cape high court on Tuesday. Reg Willis, for Doctors for Life, argued that the Independent Communications Authority of South Africa (Icasa) had granted the licences to struggling On Digital Media without understanding

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StarSat wins court battle with shareholder

On Digital Media (ODM), the company that owns pay-television brand StarSat (formerly TopTV), is a step closer to concluding its business rescue process after it won a high court battle last week against one of its minority shareholders. It has been in business rescue under the

Editor's pick
StarSat will be a ‘serious competitor’

StarSat, the pay-television platform previously known as TopTV, will emerge as a “serious competitor” to MultiChoice, the Naspers subsidiary that owns the dominant DStv service. That’s the word from Peter van den Steen, who is overseeing the business rescue of StarSat parent On

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TopTV relaunches as StarSat

Despite facing a lawsuit from two of its minority shareholders and not yet concluding a business rescue process, troubled pay-television operator On Digital Media (ODM) is pressing ahead with plans to relaunch its TopTV brand as StarSat. This follows an agreement

In-depth
Shareholder dispute rocks TopTV

More trouble has rocked TopTV parent On Digital Media (ODM), still the only direct-to-home pay-television rival to MultiChoice and its DStv service. Two disgruntled ODM shareholders have taken the company and its business rescue practitioner, Peter van den Steen, to the high court in an effort

In-depth
TopTV wished upon a Chinese star

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

News
TopTV shareholders accept China bid

The shareholders and creditors of troubled pay-television operator On Digital Media (ODM), which owns TopTV, have approved a business rescue plan that involves an offer by China’s StarTimes to purchase a direct 20% stake. The required majority of creditors

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New bidder for TopTV

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