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Naspers freezes African pay-TV prices amid cash crunch

Monday 4 July 2016 | 10:24 CET | News
Africa's largest provider of pay-television services, Naspers, has kept prices on the continent unchanged to halt a decline in subscriber numbers, Reuters reported. Chief Executive Bob van Dijk said weaker currencies and lower economic growth in commodity exporting economies such as Angola, Zambia and Nigeria, have hurt business. He said the currency decline has been massive and that really hurts Naspers because it bills in local currency.

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Categories: Broadcast & Satellite
Companies: Naspers
Countries: Africa
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