GTV goes into liquidation
February 2, 2009
Gateway Broadcast Services (GTV), which broadcasts English Premier League football to tens of thousands of subscribers across Africa, has gone into liquidation.
The company blamed “the current financial and global crisis” for the move. This had “severely interrupted the company’s abilities to secure further funding.” Television services have been stopped – with subscribers receiving a short message telling them the channel is off the air. The company said it had invested $200 million in the business but that “the economic crisis…has caused excessive demands on the business.”
As well as the Premier League, GTV backed several domestic leagues, including Ghana, Tanzania and Uganda.