MTN teams up with UK's Synamedia to launch African streaming platform
Launched in 1994, MTN Group has diversified from just providing voice calls and data, to being a technology media company that also provides fintech, digital and entertainment services as voice declines.
"We see a unique opportunity to transform video consumption
in
MTN Group, which has 291 million customers across 16 markets
in
The proposed service will leverage Synamedia's cloud-based technologies to deliver both linear television and video-on-demand content, the companies said in a joint statement.
The platform will offer diverse monetization models, including subscriptions, ad-supported content and free streaming channels with targeted advertising, they said.
Each market will benefit from a curated content strategy, adapted to local cultures, languages, and viewing habits, they added.
The parties will enter a streaming market where not only
MultiChoice's Showmax has a strong foothold, but also
global competitors
(Reporting by Nqobile Dludla
Editing by
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