45.2% shareholding<\/a>. While Canal+ was legally mandated to make an offer, the deal must still overcome regulatory hurdles.<\/p>\n\n\n\nThe parties must find a way to continue limiting the French media giant’s voting rights to 20% \u2014 a requirement for broadcasting licences under the Electronic Communications Act.<\/p>\n\n\n\n
To comply, MultiChoice will be carved out as an independent entity, dubbed LicenceCo, to hold South African operating licences.<\/p>\n\n\n\n
LicenceCo will contract with MultiChoice’s South African subscribers, while the remainder of the group’s video media assets will remain with the MultiChoice Group.<\/p>\n\n\n\n
MultiChoice Group’s shareholding in LicenceCo will ultimately give it a 49% economic interest and 20% share of voting rights.<\/p>\n\n\n\n
The companies explained that the MultiChoice Group will retain its 75% direct interest in MultiChoice South Africa, which excludes LicenceCo.<\/p>\n\n\n\n
“Phuthuma Nathi will similarly retain its existing 25% interest in MultiChoice South Africa,” they added.<\/p>\n\n\n\n
“LicenceCo will enter into various commercial agreements with MultiChoice Group subsidiaries in relation to the services currently provided to LicenceCo by other MultiChoice Group entities.”<\/p>\n\n\n\n
The parties explained that these relate to, among other things, the provision of content, technology, subscriber management and support, and other functions.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Competition Tribunal will hold hearings for the MultiChoice-Canal+ merger on 17 and 18 July 2025.<\/p>\n","protected":false},"author":341076,"featured_media":573426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[24],"tags":[21383,3222,5960,85,475],"class_list":["post-602912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-canal","tag-competition-commission","tag-competition-tribunal","tag-dstv","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/602912"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341076"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=602912"}],"version-history":[{"count":4,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/602912\/revisions"}],"predecessor-version":[{"id":602919,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/602912\/revisions\/602919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/573426"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=602912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=602912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=602912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/figure>\n\n\n\n