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Naspers seeks partners in Africa to take on Netflix

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Davos - Naspers [JSE:NPN], Africa’s biggest company by market value, is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business and help compete with US giant Netflix.

The owner of Africa’s biggest pay-TV provider is planning to build on a joint venture agreed to last year with Kenya’s largest company, Safaricom, to roll out online service Showmax at more affordable data prices. Safaricom is 40% owned by Newbury, England-based Vodafone Group.

“We will be targeting the whole of sub-Saharan Africa for mobile partnerships," Naspers chief executive officer Bob Van Dijk said on Wednesday at the annual meeting of the World Economic Forum in Davos, Switzerland.

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