TV software and services group Motive Television said Thursday that its subsidiary, Motive Television Services, has entered into an agreement with Siyaya Free To Air TV to provide advisory services to Siyaya in conjunction with Siyaya's application to the Independent Communications Authority of South Africa (ICASA) for a broadcasting services licence.
Siyaya has been shortlisted for a television broadcasting licence and Motive's role will be to assist Siyaya in gaining a licence and subsequently implementing its plans.
Leonard Fertig, Motive's Chief Executive Officer, said: "This contract is an initial step toward Motive implementing its technology with its fourth broadcasting client and most importantly its first in South Africa, a rapidly developing leading economy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"It reinforces the appeal of our Television Anytime Anywhere product in developing markets and has potential to open up additional opportunities for Motive in the African region. We are pleased to be working with Siyaya, helping them achieve success with their television broadcasting licence and partnering with them in a major new TV platform."
The share price rose 4.62% to 0.034p by 09:40.
NR
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
