Items filtered by date: Thursday, 09 August 2018
Thursday, 09 August 2018 14:39

DStv subscribers advocate Pay-Per-View

Some DStv subscribers’ on Wednesday, advocated a pay-per-view method of subscription following the recent hike in the cable television bouquet rates.
 
DStv is a Sub-Saharan African direct broadcast satellite service owned by MultiChoice. The service launched in 1995 and provides multiple channels and services to its more than 11.9 million subscribers.
 
DStv has been facing backlashes from the public since rates for its programme bouquets were increased in July.
 
According to the subscribers, they do not watch all the channels allotted in the different bouquets and would prefer to pay only for the channels they watch.
 
“This move will be a shift from the present subscription pattern where several channels are lumped into bouquets arranged to suit various audience plans.
 
“However, a pay-per-view plan will enable subscribers pay only for specific channels that they watch within a specific time frame, instead of a full bouquet,’’ they said on Twitter.
 
Below are some of the tweets: @Wilson tweeted, “Okay, @DStv #DStv what do you have to say about this? Why not introduce a pay per view option where I can simply choose the channels I need.’’
 
@IDman_nt said: “Can we have a discussion centered on global application?
 
“I have noticed in your expressions concerning this #DStv issue, which is fraudulent. You have been avoiding discussing #PayPerView application. Why? Are we not ripe for it? It’s done in South Africa.’’
 
@Funmi_o wrote: “My family and I only watch four channels. I don’t see the reason why I should pay for a bouquet I don’t use. Please let’s pay as we use.’’
 
@Omoaegbetuyi said: “If its not Premium Bouquet, its not complete entertainment #DStv, we need pay-as-U-view. How much to watch #SuperSport n #MNet channels only.’’
 
In 2017, there were speculations that DStv would be introducing the Pay-Per-View payment plan, although the cable TV denied the claims.
 
Subscribers complaints increased when the cable network could not broadcast the Community Shield game between Manchester United and Chelsea on Sunday.
 
According to the subscribers, especially the football fans who expected to watch the match, say they pay so much money to subscribe to DStv and wondered why it didn’t air.
 
Despite apologies from DStv after announcing that it would not air the community shield and FA games this year, aggrieved fans also took to twitter to express their displeasure with threats to boycott the service.
 
 
Source: NAN
Published in Business
Leading management consulting firm, Phillips Consulting Limited (PCL), has transformed the financial technology sector by introducing cutting-edge technology, Intellect Digital Core Banking Solution, to Nigeria.
 
Phillips Consulting collaborated with Intellect Design Arena Limited, a global leading company that offers services in Financial Technology for Banking, Insurance and other Financial Services. This collaborative banking solution will no doubt revolutionize the Nigerian banking industry.
 
Intellect Digital Core banking solution is a comprehensive, integrated, yet modular and agile business solution, addressing all core banking needs. It is designed to help banks accelerate their digital banking and channel transformation journey. Intellect Digital Core comes with a Digital 360 proposition with an inbuilt design for both Digital Outside and Digital Inside. Digital Outside ensures true Omni-channel and consistency of customer experience at all touch points while Digital Inside drives operational excellence. In addition, it provides all the building blocks of business functionality, enabling users to flexibly configure products and processes in order to adapt to a dynamic environment.
 
Through this partnership with Intellect Design Arena, Phillips Consulting builds local capacity by playing an integral role in the joint implementation and on-going support of Intellect Digital Core in Nigeria.
 
Speaking on the Core Banking Solution, the Managing Director of Phillips Consulting, Mr. Robert Taiwo, explained the benefits of Intellect Digital Core. “In banking, the digital discourse has shifted from ‘nice to have’, to critical business imperative. Market share will increasingly swing to those banks that can quickly and effectively respond to technology advancements. The ability to grapple with 4.0 technologies such as AI, Big Data, Robotics and Blockchain, will differentiate the leaders from followers. Superior interconnectivity and system integration will enhance customer-centricity and this by default will accelerate first mover advantage.” He added “But technology must not become the end in itself. “Me too” strategies will not be effective. CEOs must, therefore, drive business aligned digital strategies which speak directly to the operating models and value propositions of their respective organisations.”
 
Although the Intellect Digital Core Banking Platform is new to Nigeria, a new age bank recently implemented it.
 
Further discussing the core banking solution, Senior Partner at Phillips Consulting, Mr. Seun Ngonnase explained, “In today’s world, banks require a single, seamlessly integrated global payments system for domestic and cross-border transactions. This system must eliminate manual tasks and enhance interoperability. Implementing Intellect’s Core Banking platform will save time and money for the bank while providing value-added services to their customers. The whole idea is based on the concept of Contextual Banking; customers should bank in the way they want to and how they want to.”
 
Intellect Design Arena – a global leader in Financial Technology for Banking, Insurance and other Financial Services. A uniquely focused Products business, Intellect addresses the needs of financial institutions in varying stages of technology adoption.
 
Intellect’s robust iDigital platform enables products across four distinct lines of businesses: Global Consumer Banking (iGCB), Risk, Treasury & Markets (iRTM), Global Transaction Banking (iGTB), Central Banking and Insurance (Intellect SEEC). Deep banking domain expertise coupled with investments of Rs 800 Crores over the last ten years in developing the world’s first full spectrum of banking products has made Intellect the company with the most advanced technologies for financial institutions with global businesses.
 
As leaders in strategy, execution and transformation are at the core of what Phillips Consulting does. The company’s digital and technology transformation practice supports clients in driving strategic business change across its operating model. Fundamentally reshaping the way products and services are delivered.
 
 
Source: NAN
Published in News Economy

StarTimes have announced planned reduction in subscription fee for its classic bouquet from N2,600($7) to N1,900($5.25) come September 1, with the inclusion of Ebony Life TV, ST Nollywood Plus and Fox and ST Kids to the bouquet.

The pay-TV company also declared a one month free access for all its subscribers starting from August 1 to 31 on all decoders, irrespective of subscription status to ensure customers have access to its new channels, available on the classic bouquet.

Kunmi Balogun the company’s Public Relations Manager said in a statement that “This reinforces our commitment to ensuring that our customers enjoy the best for less.”

The statement read in part “Starting from September 1, all StarTimes subscribers will enjoy more entertainment for less. With the addition of new entertainment, movies and kiddie’s channels. We are aware of the economic challenges faced by many Nigerians and have resolved to allow them watch all our new channels for free this August and reduce our subscription rate come September 1”

The company added that it seeks to enrich the lives of its customers across the various territories where it operates. “We are constantly looking for new ways of delivering more value to our customers with the best local and international entertainment. We want to do our bit with this offering. While others are increasing prices, we find ways to lower ours to ensure customer satisfaction”

StarTimes is the leading digital TV operator in Africa, serving nearly 20 million users with a signal covering the whole continent and a massive distribution network of 200 brand halls, 3,000 convenience stores and 5,000 distributors.

StarTimes owns a featured content platform, with 480 authorized channels consisting of news, movies, series, sports, entertainment, children’s programs, etc. The company’s vision is to ensure that every African family can access, afford, watch and share the beauty of digital TV.

This is coming after DSTV increased their subscription fee to something subscribers are not happy about… and yet Subcribers were left disappointed last Sunday when DSTV and other cable TV left Nigerians hanging with nowhere to watch Manchester City Vs Chelsea charity shield 2018 which marks the commencement of the English Soccer Season.

Published in Telecoms

The US is to impose sanctions on Russia after determining that it used nerve agent against former Russian double agent Sergei Skripal in the UK in March.

The move was announced on Wednesday by the US state department.

A UK investigation blamed Russia for the attack, but the Kremlin has strongly denied any involvement.

Mr Skripal and his daughter Yulia were found unconscious on a bench in the city of Salisbury on 4 March.

They were seriously ill but recovered after spending several weeks in hospital.

The US determined “that the government of the Russian Federation has used chemical or biological weapons in violation of international law, or has used lethal chemical or biological weapons against its own nationals”, US state department spokeswoman Heather Nauert said.

BBC reports that the sanctions are to take effect on or around 22 August, she added

Published in World
Thursday, 09 August 2018 00:00

Duet invests $50million in AJEAST Nigeria

Duet Private Equity Limited (DPEL), a principal investor in emerging and frontier markets, has announced the acquisition of a majority stake in AJEAST Nigeria Limited.
 
DPEL, last week said it is investing in excess of $50million into the transaction, a significant share of which is allocated as growth capital. Proceeds of the investment will be used to accelerate in select international territories, facilitate the launch of new products and brands, and increase AJEAST’s production capacity and volume.
 
AJEAST is the sub-Saharan Africa subsidiary of AJE Group, a leading multinational non-alcoholic beverage manufacturer, makers of Big Cola, Big Orange, and a host of others.With the new investment, AJEAST will further intensify its focus on targeting a young demography of growing socio-economic segments, capturing both the significant advance of middle-income households, as well as the demographic dividend of the region’s expansive youth base.
 
The transaction marks DPEL’s 6th investment in the fast moving consumer goods (FMCG) sector in sub-Sahara Africa, and its 1st in Nigeria, and will support AJEAST in further consolidating market share, as well as catalysing further expansion across the continent.CIO DPEL and Co-Founder at Duet Group, Henry Gabay, said: “At Duet we strongly believe in the African consumer growth story. As the number of middle-income households in Nigeria and select West-African markets keeps expanding, and more consumers are entering the formal economy through urbanisation, the demand for products such as BIG Cola will grow exponentially.”He added that the acquisition of AJEAST is a follow-up to previous investments in the beverage sector across Africa, saying: “We are excited to be able to leverage our experience in partnership with a prominent multinational like AJE Group.”
 
Managing Director, DPEL, Manish Rungta, said: “We are delighted to work together with AJE Group to continue the footprint expansion of brands like BIG Cola in African markets. With its value proposition, AJEAST is uniquely positioned to capture market share in the rapidly expanding segment of affordable, high quality consumer goods.”
 
Applauding the new partnership, Chairman, AJE Group, Angel Añaños, noted that “AJE’s history dates to 1988, and through our innovative approach and passion we became a leading player in Latin-America and Asia markets.”With plans to accelerate into the next phase of growth in Africa, Ananos said the company sought a partner that has the local platform and sector expertise to support AJE ambitions. “We are confident that our longstanding experience will help replicate the successes we have had in our markets, and look forward to a fruitful partnership with Duet,” he added.
 
Also commenting, Country Managing Director, AJEAST, Theo Williams, said: “I am extremely excited about this partnership with a like-minded ally such as Duet; we believe we can steer this venture into new heights. We are committed to offering the highest quality products that are a viable alternative at an affordable price. Together, we will grow to our full potential, and take up our rightful position as a valued contributor to the beverage industry on the African continent.”
The Company was officially launched in Nigeria, in September 2015, with a brand new state-of–the-art factory near Lagos, and has gained significant market share in the carbonated beverage segment.
 
 
Source: The Guardian
Published in Business

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