DStv rival Super 5 Media falls apart

[elvis_presley]

Interesting...

Super 5 Media, once one of SA’s most promising new pay-TV operators, is coming apart at the seams.

TechCentral can reveal exclusively that management has gone to ground amid signs the company, once regarded as the strongest potential competitor to incumbent MultiChoice and its DStv service, is collapsing.

http://www.techcentral.co.za/dstv-rival-super-5-media-falls-apart/15838/

 

[LazyLion]

I blame ICASA

 

[Rosaudio]

I blame Telkom

 

[Dimpie (JIGSAW)]

I blame ICASA

I blame Telkom

I blame them both :erm:

 

[LazyLion]

I also blame the ANC.

 

[bleh69]

what did i tell you. a poof of ****ing smoke. all these people that think they can achieve something with a few emails, phone calls, and Sigafredo Boardroom meetings, are experiencing an illusion.

 

[Gatecrasher]

A R500m loan by Telkom to the minority shareholders? :wtf: Who smells a big fat rat?

 

[I am Penguin]

Everything Telkom ever touched was a major disaster.

 

[ToAsTeD]

Everything Telkom ever touched was a major disaster.

I agree!

 

[Kosmik]

Since Shenzen took control of Super 5 Media last year, it’s consumed more than R100m in additional operating expenses, Xiao told TechCentral in an exclusive interview in May.

R100m+ for a non-operating company? Anyone know what Top-TV's start up budget was?