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21 May 2017

MTN to Acquire MultiChoice Africa (DSTV&Gotv)

Despite the facts that both companies emanated from South Africa, I still find it hard to believe that this will eventually come to reality. Those of you who have been using Dstv/GOtv will have noticed that the latest increment of Dstv/Gotv subscription took effect from May 1st 2017 and lots of subscribers were embittered about it.

Recession on the other hand hasn’t helped this company to harness their estimated level of profit overtime. And now, MultiChoice Africa is considering selling its company to MTN.

MultiChoice Africa is the franchise owner of Dstv and GOtv. The parent company Naspers Limited said selling off MultiChoice Africa will not affect the South African division of the TV network despite the facts that the plans has not been made public according to what Bloomberg reported.

A sale of MultiChoice Africa would mean a shift away from its traditional media business, which includes newspapers and MultiChoice’s main product, the DSTV satellite-TV service by Cape Town-based Naspers.

Though MTN and Naspers Limited have briefly discussed about MultiChoice Africa but a final decision have not been reached. The reason for the sale of MultiChoice Africa boils down to the worst Nigerian recession in 25years that terribly ridiculed Naira. It made Naira to lost currency value against the dollar to trade.

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