The Kuwait Projects Company (KIPCO), the 75.3% owner of Showtime Arabia, has announced the pay-TV unit’s merger with Mawarid Group’s Orbit.
In a statement released only yesterday (August 11), KIPCO said the deal had been completed on July 31, just 18 days after the merger talks became public.
Already the respective premium movie and sports channels have been shared between the subscribers of the two systems and Showtime’s Marc-Antoine d’Halluin, named CEO of the merged pay-TV platform.
However there have been no announcements as to the new name or technology preferences of the combined operation.