Star Times: “Nigerian investment tops $200m”
June 28, 2019
By Chris Forrester
China’s Star Times Group says its investment in digital TV – both satellite and terrestrially – for Nigeria now tops $220 million.
The CEO of StarTimes Nigeria, David Zhang, in a local interview, said that since first entering Nigeria in 2010, its investment currently stands at $220 million, and during the past few years has paid a total of $25 million in taxes to Nigeria and employed more than 1000 staff, some 97 per cent of whom are Nigerians.
Zhang was addressing delegates to the 2nd Chinese Film Festival in Nigeria’s capital city, Abuja.
As well as direct staff employees, he said the firm had a network of almost 3000 distributors who had helped win StarTimes more than 4 million subscribers.
Star Times is backing the government’s Africa-wide ‘Access to Satellite TV for Villages’ project, and is donating 20,000 decoders, 3,000 sets of solar generators. 2,000 projectors and 1,000 TV sets pre-equipped for digital TV.