The listed MCG includes MultiChoice South Africa (MCSA), MultiChoice Africa Holdings (MAH), Showmax, as well as the global digital platform security provider Irdeto, and all their subsidiaries and affiliates (MultiChoice Group).
As Africa’s most loved storyteller, MultiChoice Group brings leading local and international entertainment and sports content to around 14-million households in 50 African markets, providing viewers with access to content from 8 out of 10 major international studios.
Importantly, MCG is differentiated by its production of over 4,500 hours of local content in 10 studios across Africa. Showmax alone has 17,500 hours of content with half being local content. Furthermore, MCG offers a world of champions with over 37 sports channels providing sports fans viewership of most iconic global sports events.
Calvo Mawela, Group CEO, commented: “Today’s listing is an important milestone in our exciting journey of growth. As one of the fastest growing pay-TV broadcast providers globally, our strong financial position at listing is backed by attractive long-term growth opportunities in both subscriber numbers and revenue. MCG has a highly cash generative core with no financial debt, and we are poised to deliver value to our shareholders over time.”
While MCG continues to drive incremental mass-market growth in its South African base, the business on the rest of the continent has stabilised with a value strategy driving operational and financial improvements. Moreover, there is meaningful scope to drive up pay-TV penetration in the rest of Africa in the mid to mass market while the connected video services represent a fast-growing, longer-term opportunity.
Mawela concluded: “We are overwhelmingly positive about MultiChoice Group’s future. With the largest pay-TV footprint across Africa, we understand our customers and tailor our offering and services to suit market-specific video entertainment needs. This, coupled with a leading content offering, world-class technology and infrastructure, pan-African scale and strong in-country capabilities, positions us well to generate shareholder returns and future growth.”
Congratulations to MultiChoice Group.