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MultiChoice Group is about to register with the Johanesburg Stock Exchange (JSE).
The trading of the MCG shares is expected to begin on Wednesday, February 27, 2019 at the JSE.
As announced on September 17, 2018, MCG will include, among others, MultiChoice Africa, MultiChoice South Africa (MCSA), Showmax, as well as the global provider of digital platform security solutions, Irdeto, as well as all their subsidiaries and affiliates ("the group").
Calvo Mawela, General Manager of the MCG Group, "We believe MultiChoice's listing is an excellent opportunity to invest in the leading video entertainment provider on the African continent."
He added, "MCG offers an unparalleled offering of local and international content to approximately 14 million homes and is one of the fastest growing pay-TV providers in the world. Thanks to a strong financial position, the flexibility of an unstructured balance sheet and in-depth knowledge of the field, we hope to provide excellent returns to shareholders over time. "
MCG's management team focuses on growth opportunities in Africa, a market where television consumption is important by world standards. Pay TV and connected video remain under-penetrated on the continent compared to many other markets in the world and MCG intends to continue on these two growth axes.
Bob van Dijk, CEO of Naspers, said: "MultiChoice Group is a pioneer of video entertainment in Africa and we are extremely proud to have made this company a major success since its founding more than 30 years ago. The strength of the company's management team, combined with its attractive content, world-clbad technology capabilities and attractive financial profile, gives it a strong position for future growth in a rapidly changing continent. African. "
Content as a key driver of growth
MCG plays an important role in making the content of information and entertainment easily accessible to its clients in Africa. In countries where celebration of culture is an important driver of consumerism, MCG creates and showcases unprecedented local content.
Access to international content One of the main pillars of the group's offering and growth is based on eight of the top ten American studios, including films and children's content.
The Group is also the continent's largest funder of sport. It offers leading sports offers and holds important international and local sports rights.
With extensive production capacity for local sporting events, the Group is an important partner for many sports federations, making a major contribution to the development of sport.
World-clbad technology and infrastructure
MCG offers consumers state-of-the-art, highly sophisticated technology. Irdeto, a digital platform security provider, plays a vital role in providing state-of-the-art security solutions, an essential aspect of any pay-TV business.
Irdeto also provides security services and software to many premier clients around the world. As such, it is also an autonomous generator of income and cash flow.
The Group's development agenda and investments have brought social and economic benefits to the continent's communities.
MCG employs more than 9,000 people in Africa and indirectly creates economic prosperity for more than 20,000 people employed by partners and suppliers.
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