MTN to buy Simfy: report

MTN Group plans to buy music streaming provider Simfy, according to a report.

Business Day quoted CEO Rob Shuter as saying that Simfy would continue to operate as a standalone entity and would not be rebranded.

Simfy Africa is wholly owned by Exactmobile, according to its website. Exactmobile was the ringtone and logo leader in South Africa and one of the earliest mobile value-added providers in the industry.

Exactmobile partnered with Simfy in Germany and launched the music streaming service in South Africa in August 2012.

Simfy, which was originally available in Germany, Austria and Switzerland, was placed into liquidation in April 2015, according to reports at the time.  — (c) 2018 NewsCentral Media

• This is a developing story … please check back soon for more