Nairobi
Kenyan telecoms group Wananchi said it plans to launch a satellite pay television service in July to rival Naspers’ (NPN) South African-based DStv across east Africa, after getting a capital injection.
Last week, Wananchi said Liberty Global, one of the world’s largest cable companies, Oppenheimer Funds, and Sarona Asset Management, a Canadian-based emerging markets fund manager, had invested $57.5m.
Wananchi will roll out the pay-TV service in Kenya, Uganda, Tanzania, Ethiopia, Eritrea, South Sudan, Rwanda, Burundi, Malawi and Somalia.
“In the 10 countries we are targeting, pay-TV penetration is less than 1%,” said Richard Bell, Wananchi group chief executive.
Owned by venture capital group East Africa Capital Partners, the firm offers broadband internet, cable television and voice telephony via fibre networks.
Wananchi said in April it plans to invest $100m more to increase the rollout of services across east Africa.
Last week, Wananchi said Liberty Global, one of the world’s largest cable companies, Oppenheimer Funds, and Sarona Asset Management, a Canadian-based emerging markets fund manager, had invested $57.5m.
Wananchi will roll out the pay-TV service in Kenya, Uganda, Tanzania, Ethiopia, Eritrea, South Sudan, Rwanda, Burundi, Malawi and Somalia.
“In the 10 countries we are targeting, pay-TV penetration is less than 1%,” said Richard Bell, Wananchi group chief executive.
Owned by venture capital group East Africa Capital Partners, the firm offers broadband internet, cable television and voice telephony via fibre networks.
Wananchi said in April it plans to invest $100m more to increase the rollout of services across east Africa.
