Naspers says it will list its video entertainment business on the Johannesburg Stock Exchange (JSE) as MultiChoice Group Limited, starting 27 February 2019.
Naspers intends to list its video entertainment business MultiChoice separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders.
Naspers is reportedly considering a sale of its Multichoice pay-TV business outside of South Africa.
According to the latest data by Dataxis for the year ending 2016, the number of pay-TV subscribers in Africa stood at approximately 18.7 million.
Nasper’s internet service ShowMax has made its European debut in Poland.
Naspers is aiming to beat Netflix to a potential audience of over one billion people in Africa.
Eben Greyling, CEO of the Naspers pay-television operations, has decided to take a break and pursue new interests after more than 18 years with the group.