Motive Television enters agreement with South African TV group

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.

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.

"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

Recommended

The Burberry share price looks like a good bet
Trading

The Burberry share price looks like a good bet

The Burberry share price could be on the verge of a major upswing as the firm’s profits return to growth.
5 Oct 2022
3 emerging market dividend stocks to buy now
Share tips

3 emerging market dividend stocks to buy now

Professional investor Omar Negyal of the JPMorgan Global Emerging Markets Income Trust picks three of his favourite emerging market stocks for income …
4 Oct 2022
Share tips of the week – 30 September
Share tips

Share tips of the week – 30 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Sep 2022
The best British tech stocks from a thriving sector
Share tips

The best British tech stocks from a thriving sector

Move over, Silicon Valley. Over the past two decades the UK has become one of the main global hubs for tech start-ups. Matthew Partridge explains why,…
29 Sep 2022

Most Popular

Should you take a 25% tax-free pension lump sum in instalments?
Pensions

Should you take a 25% tax-free pension lump sum in instalments?

Taking out a 25% tax-free lump sum sounds appealing but it might not be the best way to manage your pension
30 Sep 2022
Mortgage early repayment charges: are they worth the cost?
Mortgages

Mortgage early repayment charges: are they worth the cost?

With interest rates set to rise further in the months ahead, is it worth swallowing early repayment charges to refinance your mortgage today?
4 Oct 2022
Why the Bank of England intervened in the bond market
Government bonds

Why the Bank of England intervened in the bond market

A sudden crisis for pension funds exposed to rapidly rising bond yields meant the Bank of England had to act. Cris Sholto Heaton looks at the lessons …
30 Sep 2022