Telkom Media extends its reach beyond SA borders
Telkom Media, which intends to begin offering pay-TV services in 2008, has bought a 49percent shareholding in One Africa Television, a Namibian free-to-air television operator.
One Africa is a commercial operator that was established in November 2003 and was a 100percent Namibian-owned company before the Telkom Media deal took place.
Telkom Media was awarded its subscription television licence by the Independent Communications Authority of South Africa in September, along with On Digital Media, Walking on Water, Multichoice and E-Sat.
The transaction with One Africa TV is part of Telkom Media's strategy to extend and stimulate demand for its services beyond South African borders and act as a catalyst for the development of convergent solutions in Africa.
According to the Telkom Media chief executive, Mandla Ngcobo, the company is extremely excited about the investment.
Ngcobo said: "We have been following the spectacular growth of the Namibian broadcaster with great interest and we are convinced that One Africa TV has created a groundbreaking free-to-air broadcasting model that is uniquely adapted to the requirements of the continent."