- International streaming services such as Netflix maybe be competitors but are not a big worry for DSTV
- MultiChoice CEO Calvo Mawela says DSTV is ahead of the game because the local content it produces
- Mawela adds that DSTV will continue to have a competitive edge because the company is working towards expanding technology-businesses
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JOHANNESBURG -Calvo Mawela, CEO of MultiChoice, says he is unconcerned about international streaming services since they do not pose a threat to DSTV.
DSTV which is owned by Multichoice offers its customers streaming services as well as satellite viewing. The company provides mainstream television programming, such as news channels and live sports stations.
Mawela says Multichoice offers content that international streaming services cannot compete with. He added that the type of content offered by the company is uniquely tailored for South Africans as well as other African countries, according to a report by BusinessTech.
He says the company is not nervous about these streaming services entering the South African market but says Multichoice is taking note of their activities because they are competitors.
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In an interview with CNN, Mawela stated that DSTV is the best when it comes to local content in local languages and sports, reports MyBroadband.
Mawela added that Multichoice will be focusing on technology-driven businesses and he believes this will give the DSTV a competitive edge in African countries.
MTN proceeds with plan to sell R3.7 billion worth of shares in Nigeria
In other business news, Briefly News previously reported that the MTN group has decided to go ahead with their plan to sell their shares in Nigeria, worth R3,7 billion. MTN is the largest telecommunications operator in South Africa.
They announced earlier today that they would proceed in selling their 575 shares in Nigeria through a public offer. According to SABC News, MTN has already begun exiting other countries, such as Zambia and Uganda, due to the separation between fibre and fintech assets.
News24 reports that MTN shares rose nearly 3.6% this morning on the Johannesburg Stock Exchange (JSE), and they are the best performing shares on the exchange at 138% growth in the past year.
Source: Briefly News