GlobeCast, a provider of media management and global content delivery services, confirmed on Friday 15 October that Mowana Investments, the company’s local empowerment partner in South Africa, has increased its stake in its South African business. GlobeCast Africa is a subsidiary of France Telecom/Orange.
As of the end of September, the investment group has increased its ownership from 30 to 49% in GlobeCast South Africa. The increase is in keeping with the original agreement signed between the two companies.
GlobeCast, which operates in Europe, the US, the Middle East, Asia, Africa and Australia, provides on-site service from major news and sporting events for coverage in SD, HD or even 3D. The company is also an expert in international television markets, and works with new and established broadcasters to reach and secure distribution with leading pay TV operators around the world.
