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Canal+ looks poised to become the dominant provider of satellite TV in Africa. Already the most popular choice in French-speaking Africa, it recently grew its stake in South African pay-TV group MultiChoice to 35%. This triggered a mandatory offer, according to company rules set by South Africa’s Takeover Regulation Panel (TRP).
Although Canal+ said it was not obliged to make an offer to shareholders as it has limited voting rights as a foreign-owned company, the TRP disagreed. Now Canal+ has said it will make a firm offer by 8 April.
The continent is split three ways when it comes to TV services: southern and eastern Africa are dominated by MultiChoice, the parent of DStv, SuperSport, Showmax and GOtv; central and west Africa are dominated by Canal+; and the Shahid network dominates north Africa. The divisions are mostly along language lines: English, French and Arabic, respectively.
Although Canal+ said it was not obliged to make an offer to shareholders as it has limited voting rights as a foreign-owned company, the TRP disagreed. Now Canal+ has said it will make a firm offer by 8 April.
The continent is split three ways when it comes to TV services: southern and eastern Africa are dominated by MultiChoice, the parent of DStv, SuperSport, Showmax and GOtv; central and west Africa are dominated by Canal+; and the Shahid network dominates north Africa. The divisions are mostly along language lines: English, French and Arabic, respectively.