TStv Africa rolls out operation on Nov 1st, gets FG tax relief

Echefu Bright TStv
The Managing Director/Chief Executive Officer of TStv Africa, Mr. Bright Echefu.

Telecom Satellite Television, TStv, the new PayTV operator, has disclosed that it would commence commercial roll-out of its decoders to Nigeria by November 1, 2017. It has been granted a 3-year tax relief Federal Government.

The Managing Director/Chief Executive Officer of the company, Mr. Bright Echefu, made this statement while addressing newsmen in Abuja  this weekend.

Echefu said the company would from Monday, deploy about 5,000 decoders to customers for free, and would also be installed for the customers to enable them test the reception, services and claims of the company.

He explained that the delay in the commercial deployment of decoders to customers was to prevent sabotage by unscrupulous elements who would want to frustrate the company.

He said, “We have not commenced commercial sales of our decoders because we are aware of the fact that we are running a business easily frustrated by competition. We had applications from over 3,000 individuals who want to be our dealers, so far we have cleared about 750 of the dealers. We are currently conducting due diligence checks on our dealers. We do not want a situation where individuals posing as dealers buy up our decoders and go dump them somewhere.”

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He said within the next two weeks, the verification and full accreditation of dealers would be completed and the decoders would be rolled out.

Meanwhile, the Federal Government has granted a 3-year tax relief to the newly inaugurated Pay TV operator in the country, TStv Africa, as well as tax free dividends to all investors in the company.

The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on Sunday night in Abuja at a dinner to mark the official unveiling of the new company.

Mohammed, who performed the official unveiling of the new company and its products, said the tax reliefs were in line with the Pioneer Status recently granted to the Creative Industry by the federal government. He congratulated the Chief Executive Officer (CEO) of the company, Dr Bright Echefu, and his team for liberalising and breaking the monopoly of Pay TV in the country.

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