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.

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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"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