Telkom Media 'in trouble'

[War_Lord]

http://www.mg.co.za/articlePage.aspx?articleid=338206&area=/insight/insight__national/

As one potential investor put it: "It's hard to get a sense of what they would buy into. It's a good idea but [there's] not a hell of a lot of content. They've spoken to local production houses, but they have very little in the bag. What are they going to show once they've launched?"

Wonderful. More local content. Just what everyone have been begging for!

At least it looks like TM can still lose their license, but who else can fill this void?

Any change in shareholding could put Telkom Media's broadcast licence at risk and telecoms regulator Icasa will scrutinise any new investor to ensure that it provides a similar level of financial stability to that offered by Telkom.

Petsana confirmed that although Telkom Media was awarded a licence it had not been issued yet. "Following our decision to reduce our shareholding in Telkom Media, Telkom is in consultation with Icasa about licensing conditions," he said.

 

[ernstn]

I also believe that ICASA should slap Telkom with a massive fine for wasting everybody's time.

Imagine that if they did not win a license, how many court cases would have followed with their massive army of lawyers.

 

[DragonLogos]

" its a good idea " - no,.. its Telkom trying to control everything and trying to do everything