Groupe Canal+ has confirmed that it has crossed the 10 per cent threshold in share capital of MultiChoice Group. As of October 28th, Groupe Canal+ owns 12 per cent of the company’s share capital.

Earlier this month, Canal+ acquired a 6.5 per cent stake in the South Africa-based pay-TV provider.

Canal+ said at the time that the move was a long-term financial investment and testament to the confidence that owner Vivendi has in MultiChoice and the African continent.

Other posts by :

1. Bank: “SpaceX should lobby for an MVNO”
2. Unpacking and bagging
3. New Glenn amends pre-launch methods
4. Iridium deal a “watershed” moment for Rocket Lab
5. S&P adds Arqiva to CreditWatch negative list
6. Bank: The AWS-3 winners
7. Analyst: SpaceX and its cellular plans
8. Vodafone Spain explains Sat-Connect Europe plan
9. FCC praises AST SpaceMobile

Categories: Articles, Broadcast, Business, M&A, Pay TV

Tags: Canal+, multichoice, Vivendi