Cran sees gains for consumers and creative industry in Canal+, MultiChoice merger – News

The Communications Regulatory Authority of Namibia (Cran) says Namibia stands to benefit from the proposed N$35 billion (US$2 billion) acquisition of MultiChoice Group by French media company Canal+.

Cran said the transaction – though resulting in an indirect transfer of control – has no immediate impact on Namibia’s broadcasting licences, but could have broader implications for the region’s media landscape.

“The merger could offer several potential benefits for Namibia.These may include access to a broader range of high-quality content and innovative broadcasting services,” Mufaro Nesongano, executive for communication and consumer relations at Cran, told The Brief.

Cran noted that Namibian consumers may see improved service delivery, enhanced competition and potentially lower subscription costs. It added that the deal could lead to increased investment in infrastructure, technology and local content production.

Of particular importance, according to Cran, is the potential boost to Namibia’s creative industry. The merger could support job creation in media production and distribution and increase visibility for Namibian talent through culturally relevant programming.

“We are especially focused on how this consolidation might enhance value for Namibian consumers, who are the primary beneficiaries,” Nesongano said.

Cran also pointed to the possibility of greater regional collaboration and professional development in the media sector, giving Namibia’s creative professionals access to new markets and expertise.

The authority said it will continue monitoring the situation to ensure that national interests – especially those of consumers and local industry players – are safeguarded.

Under the terms of the deal, the French group has agreed to pay N$35 billion (US$2 billion) to acquire MultiChoice Group, which is valued at around N$55 billion (US$3.1 billion).

Canal+ has been seeking to build out its business in Africa, in particular English-speaking markets, and has invested in several drama series as it built its stake in MultiChoice.

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