Gateway raises $40m to roll out GTV

Gateway Broadcast Services, a subsidiary of UK-based Gateway Telecommunications, had raised $40 million (R285.6 million) to finance the roll-out in Africa of its new pay television service, GTV.

GTV, which will compete with MultiChoice, will offer a range of channels such as European football and exclusive live broadcasts of 80 percent of the UK’s Barclays’ Premiership Football games to 48 sub-Saharan African countries. The service will be available across the continent but will launch initially in east Africa later this month.

"The continent currently represents the least penetrated pay TV market in the world," said Julian McIntyre, president of Gateway Broadcasting Services.

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Gateway raises $40m to roll out GTV