Tuesday, November 26, 2013

Naspers' pay-TV business revenues grow 18% to R17,1 billion; MultiChoice subscribers increase by 560 000 across Africa.

Naspers' pay-TV business revenue grew 18% to R17,1 billion for the 6 months ended September 2013 and MultiChoice added 560 000 subscribers across the African continent during this time - now totaling 7,3 million households across 48 countries on the African continent.

Naspers says in its half year report that due to expanding digital terrestrial television (DTT) services - as well as the costs of launching new channels and services - that trading profits nudged up by only 11% to R4,5 billion for the pay-TV business.