East Africa: GTV to Up Roll Out With US$60 Million Kitty
Gateway Broadcast Services, a subsidiary of Gateway Telecommunications, has raised US$60 million to accelerate the roll out of its pan African pay-TV service, GTV.
GTV is Africa's first widely accessible pay-TV service, providing a choice of high quality television programming at an affordable subscription price. The service includes exclusive coverage of some of Africa's most desirable programming including the English Premier League and the FA cup.
Gateway is experiencing strong demand for the GTV service and having launched in June 2007, the company has sold tens of thousands of decoders and GTV is now available in 12 countries across Africa.
A press statement issued by the company said this investment in GTV will allow Gateway to accelerate the roll out of the service to expanding its footprint to over 30 countries during 2008, while maintaining a fully funded business plan.
(East African Business Week (Kampala), 14 January 2008)