Product Code Database
NetHold is a Pay television company based in the Netherlands. As of 1997, the company merged with CANAL+ and is directed by Johann Rupert, chairman of Richemont.
In 1990, M-net was introduced to JSE Limited. In 1991, the company changed its name to MIH Ltd and was incorporated in the British Virgin Islands.
In 1995, MIH and Richemont joined their assets to form NetHold. Koos Bekker was appointed NetHold’s first general director.
By march 1996, the company amassed $950 million revenue.
The company was on the verge of signing a deal with DirecTV but the partnership was dismissed.
Richemont and MIH kept NetHold’s pay-television businesses in Africa, Greece, Cyprus and the Middle east then sold them to CANAL+ in exchange for 20% shares in all of its operations.
The union of NetHold and CANAL+ garnered 8.5 million subscribers. The group is present in France, Spain, Italy and Germany with a large audience in Scandinavian countries. The Board of directors of the merging venture includes representatives of CANAL+’s major shareholder Havas, Compagnie des eaux and NetHold’s shareholders Richemont and MIH.
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