Telkom keen on buying e-tv: report

Hosken Consolidated Investments (HCI) – the owner of e.tv – has been approached on five occasions to be purchased, according to a report in the Business Times.

The report stated that the interested buyers were rejected as a “matter of principle”, according to CEO Johnny Copelyn.

Copelyn said no sale is imminent, but what they own “could be purchased from us at a price”.

“I’ve never seen an offer from anyone that is faintly in line with our expectations for the future of the business,” he said.

Telkom interested

The report stated that HCI is constantly in talks with mobile operators like Vodacom and MTN about partnership opportunities, and has run several pilot projects with the companies.

It added that Telkom is understood to be one of the companies interested in HCI and its controlling stake in e.tv.

The purchase of e.tv by Telkom could allow the company to diversify its content offering to customers.

Analyst De Wet Schutte said HCI and Remgro, shareholders in e.tv, had “looked at ways to protect the business through the migration to digital terrestrial TV”.

“They’ve come up with the satellite solution and the story is still to play out in the years to come. They are rolling out the satellite boxes at a good rate, so I think e.tv could be a much bigger business in the years ahead,” said Schutte.

Telkom declined to comment on the acquisition reports, but noted that “many telecoms companies had identified content as a strong driver for high-speed broadband adoption”.

The report follows e.tv adding four new channels to DStv to expand its reach.


Read: Who makes the most money per user: Vodacom vs MTN vs Cell C vs Telkom

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Telkom keen on buying e-tv: report