Canal+ Group has passed the 30% ownership threshold in the African pay-TV platform MultiChoice Group.
In a statement issued Friday, the Vivendi unit said it now held 30.27% of the capital of MultiChoice Group.
“This threshold crossing testifies to the confidence of the Canal+ Group and its shareholder Vivendi in the prospects of MultiChoice and the African continent, to which they are very attached,” Canal said in a statement.
MultiChoice operates in 50 countries in English-speaking and Portuguese-speaking Africa. As of September 2022 it had 22.1 million subscribers.
Canal has been progressively increasing its stake in Multichoice 2020.