Barely a month after French pay-TV provider Canal+ took full control of Multichoice, the company has stunned the market by demanding a 20% discount on supplier invoices, in order to save costs. Mergence CIO Peter Takaendesa said the aggressive cost-cutting measures were not that surprising but there would be operational and regulatory hurdles to overcome as a result of attempting to change payment terms. The Competition Commission is currently assessing whether there has been a breach of the conditions of the merger.
The Magnificent Seven: looking beyond the hype
With the build-out of data centres not losing steam, the AI trade continues to command investors’ attention. But beneath the
