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. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

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

Tags: Canal+, multichoice, Vivendi