Few days ago, we reported that MTN is in talks with Multichoice on a possible takeover. Now, media reports have revealed that MTN will make a decision on its takeover talks of Multichoice whose franchise is own by Naspers in June.
According to a report in Punch, talks between MTN and MultiChoice have been ongoing since the last quarter of 2016,
A source who spoke to the newspaper said: “Should we (the MTN Group) finally come to agree to terms with MultiChoice, which is expected to happen before June ending, then the pronouncement will be made in July. Well, the whole gambit depends on the outcome we get from MultiChoice Nigeria, which is the cash cow for the pay television company.
“MultiChoice realises that in whatever acquisition plan it wants to get into, the Nigerian market must be strongly considered, given its peculiarities and the dynamics of rival companies.”
The source, however, added, “But above all, MTN is particularly bothered that the country (Nigeria) where it has its highest number of telecommunications subscribers will not be able to meet the June 2017 deadline for digital migration, despite having failed to meet the earlier deadline of June 2015. So, it is the conviction that the acquisition will only present a stronger frontier to give Nigerians the opportunity to watch TV, even on their smartphones, after June 2017.
“Other countries in Africa that will be affected by the digital migration deadline will also benefit from the opportunities inherent.”
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Hope we will continue to enjoy Multichioce more after the deal must have aquire by MTN