MTN acquires Nigerian pay TV license

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MTN

MTN

MTN Nigeria has procured a 700 MHz spectrum license from Nigeria Broadcasting Commission (NBC) to provide pay TV broadcasting services.

MTN purchased the license for 36 billion naira ($154 million), which NBC says it will apply into setting the country’s analog switchoff back on course.

According to NBC, the money is only a little less than 50% of its NGN70 billion ($351 million) switchover budget.

Nigeria missed the initial June 17, 2015 all digital TV deadline along with many African countries. The country has now set a new deadline in concert with other West African countries for June 20, 2017.
NBC believes Nigeria is on target for the new date.

According to NBC “With the current arrangement through which we have secured more than half of our budgetary needs to transit, and as we explore other avenues, we are confident that the new date is achievable.”

MTN’s move into cable TV services is a sign of reducing reliance on voice telephony services as various VoIP platforms like Whatsapp, Viber and others eat up voice revenue.

This is not the company’s first foray into digital content distribution. In 2014, MTN rolled out DoBox and Afrinolly, both streaming and information services for Hollywood movies and movie related information.

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