DStv MTN in discussions to buy MultiChoice Africa

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In recent time, MTN has been positioning itself to benefits from the potentials in the music and entertainment industry in Africa.

Multichoice Africa play

Multichoice Africa

(Techpoint)
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There are indications that Africa telecommunication giant, MTN Group, is in discussion regarding the potential acquisition of MulitiChoice Africa, the franchise owner of DStv, GOtv, Box Office, Catch Up, DStv Now, and AMGO.

MultiChoice Africa was founded in 1996 and offers numerous entertainment services for subscribers in 49 African countries and Indian Ocean islands. The company is based in Dubai and currently provides TV services to almost five million customers.

In recent time, MTN has been positioning itself to benefits from the potentials in the music and entertainment industry in Africa.

Also, MTN has punted the idea of a diversified revenue stream through digital and entertainment services, which has made the company to embark on restructuring program of the MTN group.

READ ALSO: Airtel partners Ericsson to launch first VOD service in Nigeria

The MTN group declined to comment on the development, stating it cannot comment on market speculation.

However, an industry source familiar with the operation of the telecom giant noted that MTN is already engaging in discussion with the MultiChoice bout providing Video-on-Demand (VOD) services on smartphones.

This discussion is noted would transcend to the telecom company acquire MultiChoice Africa from Naspers.

MultiChoice and Naspers also avoided the question on the potential acquisition, but confirmed the discussion as regards content supply agreement with MTN.

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