Thursday, May 18, 2017

Is MultiChoice Africa getting sold off to MTN? MultiChoice won't comment on it but confirms that it is in discussions with MTN regarding content.

MultiChoice says it won't comment as speculation swirls regarding the pay-TV service's African division that could possibly be sold to MTN.

Rumours abound that Naspers is possibly looking at offloading MultiChoice Africa - the division of its pay-TV service arm outside of South Africa - to the cellular operator MTN.

In response to a media enquiry asking MultiChoice if MultiChoice Africa is possibly being spun-off and if it could potentially be sold off, MultiChoice says it won't confirm or deny that.

MultiChoice says it is currently in discussions with MTN regarding a content supply agreement.

MultiChoice further says "it is our company policy to neither acknowledge nor deny our involvement in any merger, acquisition or divestiture activity, nor to comment on market rumours".

With several African countries's economies under severe pressure, MultiChoice Africa has come under similar pressure the past two years in several African nations - most notably Nigeria - where depreciating currencies have had a debilitating impact on content and operational costs, and has had a sharp negative impact on the pay-TV operator's revenue.