[1] Shareholders in the company included Telkom, Videovision Entertainment, MSG Afrika Media and WDB Investment Holdings.
[5] In March 2008 Telkom said it would reduce its funding by R2.2-billion as other investments, such as a mobile wireless network, provided a shorter period for return.
By June it was said to have identified a buyer from among several interested parties[7] and in November 2008 Telkom confirmed that negotiations were at an advanced stage.
[9] In March 2009 the interested Chinese party was identified as the Shenzhen Media Group amid reports that negotiations had failed because Telkom sought compensation for its sunk investment in the business.
[10] In late March 2009 Telkom said it had failed to find a buyer and intended closing down the company, having written down a R430-million shareholder loan to it.