Groupe Canal has entered into a strategic partnership with MultiChoice, one of Africa’s biggest pay-TV operators.
The deal will see Groupe Canal gain a seat on the company’s board and take a stake in MultiChoice, which operates in five African markets: Nigeria, Ghana, Kenya, Mauritius, and Angola.
Groupe Canal announces shareholding in MultiChoice
The French media group Canal acquired a stake in South African pay-TV operator MultiChoice, after its CEO hinted that it was planning to enter the African market.
Groupe Canal makes a significant investment in the South African media market
Today, the French group Canal+ announces the acquisition of a minority stake in South African media company MultiChoice. Canal+ has an international scope and expertise that will enable it to develop its business in the African continent. MultiChoice offers African consumers access to more than 190 channels of premium content, including their catch-up service, DStv Now.
Groupe Canal is a major stakeholder in the global television industry
Groupe Canal is a French media company that operates in the global television industry. Groupe Canal is considered a major stakeholder in the global television industry with a 32% market share. Their goal is to offer a personalized experience in which they can offer localized content at an affordable price.
The acquisition of a substantial shareholding in MultiChoice will enable our company to develop an even closer relationship with that company
This investment will allow for a closer relationship between Groupe Canal and MultiChoice, which is one of Africa’s leading digital pay-TV service providers.