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Iflix sells remaining shares in Kwese Iflix to Econet

Monday 24 December 2018 | 09:30 CET | News
SvoD platform Iflix, based in Malaysia, has sold the rest of its shares in African broadcast network Kwese Iflix to Econet, already an investor in the business, TechCrunch reported. No financial details were disclosed. Iflix said it will now turn its attention to the Asian market. "The acquisition by the Econet Group, our regional partner and Africa's leading broadcast network, is a significant milestone for the African business, and further reinforces Iiflix's commitment to our core markets in Asia, particularly Indonesia, Malaysia and the Philippines which continue to grow from strength to

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Categories: Broadcast & Satellite / Internet
Companies: Econet / Iflix
Countries: Africa / Asia
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