TopTV has had not an auspicious start to life. Although it was the only one of five new pay-TV operators licensed five years ago by the Independent Communications Authority of South Africa to take on MultiChoice and DStv to actually launch, it was always going to be uphill. The troubled telecaster “celebrated” the end
Browsing: StarTimes
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
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
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
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
These allegations from Mergan Moodley, the founder of On Digital Media (ODM), which owns TopTV, come on the same day the pay-TV station announced it would be discontinuing two channels from its bouquet for “operational reasons” in preparation for a new channel structure. “The IDC [Industrial Development Corp] has