Naspers considers selling MultiChoice in Africa, insiders says
But a disposal of MultiChoice would not include the South African division, which is still highly profitable, the people familiar with the matter said
Naspers is considering the sale of its pay-TV business in Africa, as sluggish economic expansion in key markets stifles growth and viewers switch to cheaper online alternatives, according to two people familiar with the matter. A disposal of MultiChoice would not include the South African division, which is still highly profitable, said the people, who asked not to be identified as the plans had not been made public. A sale is one of a number of options being considered by Africa’s biggest company by market value, and a final decision had not been reached, one of the people said. Naspers and MTN, Africa’s largest wireless operator, had briefly discussed a deal for MultiChoice Africa, but no agreement was reached, according to one of the people. Both companies confirmed on Thursday that they were still in talks that were disclosed earlier about sharing TV content. MyBroadband, a South African internet news site, reported earlier that MTN was in talks to buy MultiChoice Africa, citing...
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