South African pay-TV licensee Telkom Media is still awaiting clarity on its shareholding structure, ever since its 66% shareholder, telecoms operator Telkom, recently announced its intention to either reduce its shares significantly or sell them off altogether. Prolific Durban-based production company Videovision Home Entertainment holds 15% of the shares, WDB Investments 5%, MSG Afrika 5%, with 4% of shares owned by staff.
According to Telkom Media spokesperson Chris van Zyl, potential bidders for the Telkom stake may be revealed on 9 June when Telkom announces its results for the financial year.
Meanwhile, Telkom Media is continuing its construction of a broadcast studio in Centurion, in line with its plan to launch a 24-hour news service. (Source: Business Day)
