Dubai-based investor Ricardo Badoer. FILE PHOTO | NMG
Dubai-based investor Ricardo Badoer is seeking a commercial free
to air television licence for the sports and entertainment channel
Madgoat TV (MGTV) which is currently available online and planning to
branch out to the competitive local mainstream media.
The
investor’s Badoer Investment Limited, which owns local Wazito Football
Club, has been streaming the club’s games live on the MGTV Channel.
The
firm also streams Kenya Basketball Federation (KBF) tournaments and the
SportPesa Shield semi-finals matches after the firm acquired broadcast
rights earlier in the year.
At the beginning of the
year the firm signed a five-year deal worth Sh100 million with KBF that
gives it broadcasts rights on the online and the expected free air TV
channel.
If granted the licence, the MGTV will join the over 80 free to air television channels currently available locally.
“The
licences, if granted, will enable the applicants to operate and provide
the services as indicated above (commercial Free to Air television).
The grant of these licences may affect public and local authorities,
companies, persons or bodies of persons within the country,” said
Communication’s Authority, Director General, Francis Wangusi in a
gazette notice.
“The authority wishes to notify the general public that any
legal or natural person or any legal or natural person, or group of
individuals, who are desirous of making any representation and/or any
objection to the said applications, to do so via a letter.”
The
Dubai-based businessman has over the years been scouting for investment
opportunities and has since acquired a stake in Sumac Microfinance and
Hakika Microfinance in Tanzania. In July last year Badoer Investment
firm pumped Sh100 million, taking up a 15.6 percent stake in the SME
lender and announced that he would inject more money in future.
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