Telkom buys 49% of One Africa

S. African Media co. seeks regional expansion

JOHANNESBURG — South Africa’s Telkom Media has bought a 49% stake in Namibia’s leading commercial broadcaster, One Africa Television.

Telkom Media CEO Mandla Ngcobo says the deal is the first step in Telkom’s strategy to expand beyond South Africa and capture audiences across the continent.

Telcom, which was granted one of South Africa’s four new pay TV licenses, plans to launch its satellite service in the second half of 2008. One Africa TV, which consists of news, live soccer, talkshows, soaps and movies, will be carried as an additional channel on its proposed bouquet of 15 channels.

Expected to be the biggest competitor to monopoly pay TV company MultiChoice, Telkom, has added a key former South African Broadcasting Corp. member to its team: Solly Mokoetle, who has been chief operating officer at the SABC for seven years, was named chief content officer.

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