(Ecofin Agency) - The South African Pay-TV operator MultiChoice realized its first listing on Johannesburg stock exchange on February 27, 2019, at ZAR95.50 ($6.89), equivalent to ZAR42 billion ($3.03 billion) of market capitalization.  

Born from the recent split of South African multimedia group Naspers, MultiChoice is the leading pay-tv operator in Africa. Its DStv bundles are offered in 50 African countries.

Before the split, MultiChoice was part of the Naspers’ Video Entertainment division, which recorded a ZAR47.1 billion turnover ($3.1 billion) and ZAR6.1 billion ($443.4 million) turnover in the last fiscal year.