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60% of ZNBC now owned by China.

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A Zambian High Court has ruled in favour of satellite pay television company MultiChoice Zambia over the joint venture between the Zambia National Broadcasting Corporation (ZNBC) and Chinese digital television service provider TopStar Communications.
The joint venture, entered into by the two companies earlier this year, means TopStar owns 60% shares in ZNBC and empowers the company to collect all ZNBC advertising and tower rental revenue for the next 25 years.
TopStar owns 60% shares in ZNBC and empowers the company to collect all ZNBC advertising and tower rental revenue for the next 25 years. The revenue collected will go towards the servicing of a US$273 million loan secured by the Zambian government from the Export-Import Bank of China for investment in the digital broadcasting networking and the building of provincial studios.
The alliance also paves the way for the rollout of TopStar-branded set top boxes for digital television and has reportedly resulted in the prevention of over …

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