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GOtv

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(Redirected from GOtv Africa)
GOtv
Company typePublic company
IndustryPay television
Founded5 September 2011; 13 years ago (2011-09-05)
HeadquartersNigeria, South Africa
Area served
Sub-Saharan Africa
Products
ServicesTelevision
OwnersMultiChoice (79.9%)
Canal+ (20.1%)
WebsiteOfficial website

GOtv is a pay television terrestrial service in sub-Saharan Africa owned by broadcaster MultiChoice and launched on 5 September 2011.[1] It mainly consists of African and international programming.[2][3][4]

History

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The terrestrial TV service was founded in October 2011 by MultiChoice. It features news channels such as the BBC, Al Jazeera and CNN, sports channels such as SuperSport and ESPN, local & international content from Africa Magic and M-Net Movies among others, including free-to-air channels. It is currently available in countries such as Nigeria, Kenya, Namibia, Ghana, Malawi, Zambia, Mozambique and Uganda.[5][6][7][8] The current director general of the company is John Ugbe.[9]

In Kenya, one can use the GOtv Paybill Number 423655 to pay for their subscription via M-Pesa[10] Make sure your GOtv decoder is turned on before making payment.

Acquisition by Canal+ S.A.

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Nearly a year later, on February 1, 2024, Canal+ made an offer to MultiChoice's investors to acquire remaining shares, subject to regulatory approval, offering a price of R105 per share, 40% higher than the price of R75 offered the previous day.[11] MultiChoice rejected the offer believing it undervalued the company and following a reprimand by the Takeover Regulation Panel, Canal+ revised it's offer and upped it's bid to R125 per share, the share price was 67% higher than the MultiChoice share price.[12][13]

In June 2024, Canal+ Group and MultiChoice released a joint circular with the French broadcaster that has obtained 45,2% of company shares with an interim board approving on the revised offer.[14] Both companies made a filing to local regulators in September 2024 with the terms of the agreement remaining unchanged.[15]

Under the deal, Canal+ will spin out MultiChoice SA's broadcasting licence which includes DStv as an independent entity to comply with the Electronic Communications Act, which prohibits foreign entities from owning more than 20%. New shareholders set to enter the transaction include Former Telkom's CEO Sipho Maseko's Afrifund Investment and businesswoman Sonja De Bruyn's Identity Partners that will form the entity known as LicenceCo to handle the operations in South Africa and give it 51% economic interest with the remaining 49% for Canal+.[16]

References

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  1. ^ "GOtv". Multichoice Africa. Retrieved 2020-09-18.
  2. ^ Olawale, Johnson (2019-06-19). "GOtv Nigeria plans with full list of channels – Which one will you choose?". Legit.ng – Nigeria news. Retrieved 2020-04-25.
  3. ^ Hendy, Iheoma (2017-07-06). "GoTV Nigeria: Subscription, Payment, Customer Care, Self Service, Channels". BuzzNigeria – Famous People, Celebrity Bios, Updates and Trendy News. Retrieved 2020-04-25.
  4. ^ "GoTv Nigeria ~ Decoder Price and Activation {2020}". NaijNaira. 2020-01-10. Retrieved 2020-04-25.
  5. ^ "notfound". eazy.gotvafrica.com. Archived from the original on 2020-09-24. Retrieved 2020-04-25.
  6. ^ "GOTV Nigeria: Channels List, Packages & Current Price 2020". Awajis. 2020-04-02. Retrieved 2020-04-25.
  7. ^ "GoTV Price in Nigeria – Decoders (2020)". Nigerian Price. 2019-08-19. Retrieved 2020-04-25.
  8. ^ "DStv, Gotv Emerge as Preferred Pay TV Option". THISDAYLIVE. 2020-01-25. Retrieved 2020-04-25.
  9. ^ "GOtv unveils new brand identity, Introduces GOtv Lite". Vanguard News. 2016-08-23. Retrieved 2020-04-25.
  10. ^ Nash (2023-02-05). "GOtv PayBill Number 423655 – Pay for GOtv via MPESA in 2023". nashthuo.com. Retrieved 2023-02-05.
  11. ^ Goodfellow, Melanie (1 February 2024). "Vivendi's Canal+ Group Makes Move To Acquire African Entertainment Giant MultiChoice". Deadline Hollywood. Retrieved 1 February 2024.
  12. ^ https://www.reuters.com/markets/deals/canal-raises-bid-safricas-multichoice-2024-03-05/
  13. ^ https://www.cnbcafrica.com/2024/south-africas-multichoice-rejects-vivendis-canal-plus-buyout-offer/
  14. ^ https://mybroadband.co.za/news/broadcasting/572787-dstv-owners-big-year.html
  15. ^ https://www.sharenet.co.za/v3/sens_display.php?date=20240930153600&seq=64
  16. ^ https://techcentral.co.za/canal-buyout-sipho-maseko-multichoice/258726/
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