The firm ensures the telecoms regulator is kept abreast of the progress of the multibillion-rand transaction.
Video entertainment group MultiChoice is making every effort to ensure the R30 billion takeover by French-based media giant Canal + goes through, it says.
MultiChoice and Canal+ recently made a joint merger control filing pertaining to the offer, to the Competition Commission, as required by the Competition Act. MultiChoice’s total number of issued shares is 442 512 678; therefore, at 45.2%, Canal+ holds around 200 015 730 shares in MultiChoice as at 16 May 2024.
“We have been working with Canal+ on our regulatory submissions. We have already submitted to the South Africa Competition Commission and the next phase is to submit to the other jurisdictions in Africa that require competition commissions.
Canal ICASA Independent Communications Authority Of South Afr Tim Jacobs Vivendi Video Entertainment DSTV Competition Commission Pay-TV
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MultiChoice CEO says Canal+ deal will help it take on NetflixMultiChoice Group CEO Calvo Mawela says his company is working to get the Canal+ deal over the line with regulators.
Read more »
MPs seek comment on shortlisted ICASA councillorsWritten comments on the shortlisted candidates vying to be councillors at the telecoms and broadcasting regulator will be considered.
Read more »
Term of four ICASA councillors endsThe telecoms regulator bids farewell to councillors Yolisa Kedama, Dr Charley Lewis, Peter Zimri and Luthando Mkumatela.
Read more »
Big overhaul of ICT sector policy needed: Icasa chairmanSouth Africa's ICT sector needs big policy and regulatory changes, Icasa chairman Mothibi Ramusi said.
Read more »
Major announcement about R2.7-billion MultiChoice dealMultiChoice has announced that the sale of a 60% stake in its insurance business to Sanlam will take effect at the end of the month.
Read more »
MultiChoice to rake in R1.2-billion from subsidiary saleMultiChoice Group will rake in R1.2-billion in cash after the planned sale of its insurance business was approved.
Read more »