MultiChoice South Africa, has acquired a controlling stake in Smart Village, a South Africa’s multi-play service provider offering a converged multimedia service to multi-dwelling units, retail and gated communities, over fibre optic networks. This acquisition will broaden MultiChoice’s core DSTV offerings using next generation networks.
Smart Village offers:
• Voice – high quality voice services, including VoIP and least cost routing
• Video – Video – On – Demand, IPTV and centralised TV distribution
• Broadband Internet access and
• Integrated control systems such as security, electricity and water metering, etc
Nolo Letele, CEO of MultiChoice South Africa says “the investment in Smart Village will enable us to create the first true multi-play operator in South Africa, which will offer exciting bundled services to consumers in estates. Our DStv channels and Video – On – Demand content will add significant value to the Smart Village offering. ‘
Smart Village currently operates in mixed-use estates in Gauteng, Western Cape and KwaZulu-Natal, with over a thousand homes and businesses already connected. The company has already secured a significant portion of the gated community market and expect accelerated growth following the strategic investment by MultiChoice.
Smart Village’s business model requires home and business-owners to pay a basic service fee for converged services, as well as a usage fee for services such as DStv via IPTV, Video On Demand and Voice over IP. It also offers the option of an estate “Intranet’ where residents can book golf or other sports facilities, view estate information and events, order fast food and make use of virtual ISP services.
Smart Village offers a unique turnkey solution for developers enabling them to deal with a single supplier for media, telecommunications, data and security. The company also offers all the converged services and support that end users will require on a daily basis, tailored for business and residential customers. As a result of the common platform and economies of scale achieved, bundled services can be offered at a discount compared to what is currently available in the market.
Chris van der Walt, Managing Director of Smart Village, said that the opportunities provided by the new EC Act together with the capital investment made available by Multichoidce, would enable the company to grow its service offering.