Canal+ brings Multichoice stake to 18%
JUNE 14, 2022 11.31 EUROPE/LONDON BY JULIAN CLOVER

Canal+ has taken its holding in African pay-TV platform Multichoice to 18.44%.

The Vivendi pay-TV unit has been slowly growing its investment in the DStv operator.

Parent Vivendi began raising its stake in the company in 2020 as part of a wider plan to grow its international footprint; Canal already has a foothold in French-speaking sub-Saharan Africa.

Last September, Vivendi secured 3% to reach 15% of the company.

In its most recent financial statement, Multichoice reported a total of 21.8 million households, 9 million in South Africa.