French media heavyweight Canal+ has sealed a landmark $3 billion (approximately R55 billion) deal to acquire full ownership of MultiChoice Group, gaining complete control of major African pay-TV platforms DStv and GOtv. The deal received final approval on Wednesday, July 23, from South Africa’s Competition Tribunal, which sanctioned the acquisition of the remaining 55% stake…
The Federal Competition and Consumer Protection Commission (FCCPC) has filed legal action against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, for allegedly disregarding regulatory directives and obstructing an ongoing investigation. The case, filed before the Federal High Court in Lagos, includes three charges against the pay-TV provider. These charges stem from MultiChoice’s…
MultiChoice Nigeria has rolled out a loyalty reward program to cushion the impact of its latest price adjustments for DStv and GOtv subscribers. The pay-TV provider announced on Monday that the new tariffs will take effect from March 1, 2024. As part of the relief measures, customers who renew their subscriptions before expiry will continue…
South African pay-TV giant, Multichoice Group, has announced a significant financial setback, writing off N31.6 billion ($21 million) held in cash with Heritage Bank, which was recently liquidated by the Central Bank of Nigeria (CBN). This development was revealed in Multichoice’s financial results for the six-month period ending September 30, 2024. The company initially reported…
