The channel+ on an ambitious mission targeting 50 million to 100 million subscribers.
Currently, it includes approximately 27 million subscribers in 52 countries across three continents.
Last December, the French media and communications giant on the London Stock Exchange was included after a width of its mother company, Vivendi, which includes an independent future to follow the growth aspirations.
For channel+, which achieved $ 7.2 billion (about 6.4 billion euros) of revenue in 2024, Africa and Asia offer high -growth capabilities. In Africa, the company expands its scope by obtaining the Multichoice Group group, the largest paid TV in the continent.
The Competition Committee in South Africa allowed the deal at a value of $ 1.9 billion.
Canal+ CEO of Maxime Saada described the deal as “a big step forward in our ambition to create a global media company and entertainment with Africa in its heart.”
Its timing is perfect for the channel+, which controls a 45 % stake in Multichoice and has increased frustration due to the company’s decrease.
Multichoice recognizes the most challenging operating conditions in 40 years. At the top of the list, “Weakness of the Abnormal Currency”, which reduced 7 billion Rand (about $ 390 million) at profits from the past 18 months. It also lost nearly 4 million subscribers, with the total number currently at 19.3 million in 50 markets.
Canal+ also plans to expand all over Asia through its Hong Kong -based share. Last June, it paid $ 300 million to increase its share to 36.8 %, and eventually targets 51 %.
The channel+ is not the only company that moves the telecommunications market. In the United States, Cable Servides Charter Communications and Cox Communications agreed to integrate into a $ 34.5 billion deal. AT & T has approved $ 5.7 billion to gain collective fiber work in the Lumen Technologies market. In India, the imminent list of the Rellence Jio, part of the Empire Billionaire Mukesh Ambani Reliace Industries, may combine $ 5.3 billion.
