JOHANNESBURG, April 7 (Reuters) - MTN Group,
Africa's biggest mobile operator, said on Monday it has entered
into a strategic partnership with UK video software maker
Synamedia to develop a new streaming platform tailored for
mobile and fibre subscribers across Africa.
Launched in 1994, MTN Group has diversified from just
providing voice calls and data, to being a technology media
company that also provides fintech, digital and entertainment
services as voice declines.
"We see a unique opportunity to transform video consumption
in Africa with high-quality, accessible and relevant content,"
said Selorm Adadevoh, Group Chief Commercial Officer at MTN
Group.
MTN Group, which has 291 million customers across 16 markets
in Africa, is hoping to capitalise on the rapid uptake of
smartphones and improving telecommunications infrastructure on
the continent, which have both driven demand for video streaming
services.
The proposed service will leverage Synamedia's cloud-based
technologies to deliver both linear television and
video-on-demand content, the companies said in a joint
statement.
The platform will offer diverse monetization models,
including subscriptions, ad-supported content and free streaming
channels with targeted advertising, they said.
Each market will benefit from a curated content strategy,
adapted to local cultures, languages, and viewing habits, they
added.
The parties will enter a streaming market where not only
MultiChoice's Showmax has a strong foothold, but also
global competitors Netflix ( NFLX ), Disney ( DIS ), Amazon
Prime and Apple TV.