More Options as Fg Unveils New Pay Satellite Television to Rival Dstv, Gotv, Startimes, Others

More Options as Fg Unveils New Pay Satellite Television to Rival Dstv, Gotv, Startimes, Others

Comprehensive coverage of More Options as Fg Unveils New Pay Satellite Television to Rival Dstv, Gotv, Startimes, Others, offering readers the most relevant details.

The director general and chief executive officer of the Nigerian Broadcasting Commission (NBC), Charles Ebuebu, stated that the commission would consider the calls of Nigerian subscribers to introduce pay-per-view alternatives.

The development comes amid Canal+, a French firm, move to acquire MultiChoice, the parent company of DStv and GOtv.

Canal+ announced its intention to acquire additional shares of Africa's largest Pay-TV company, MultiChoice, by April 8 after securing South Africa's Takeover Regulatory Panel ruling.

The panel asked Canal+ to make a solid intention announcement because of its 35.01% shareholding in the pay-tv company, which has triggered a mandatory offer requirement.

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Canal+ agreed to the decision, securing an exemption from timing requirements and getting an extension that must exceed 25 business days from the panel.

The French company previously offered to acquire the remaining shares of MultiChoice at 105 rands per share, making a 40% premium over MultiChoice's close share price of R75 on January 31, 2024.

MultiChoice, however, rejected the offer, stating that Canal+ undervalued the company.

Sarah Jenkins
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Sarah Jenkins

Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.