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Tinubu Launches N250 Million Pay TV Company, CONSAT

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FORMER Lagos State governor, Asiwaju Bola Tinubu has
further extended his grip in the media and broadcasting
business as he finally rolled out services of his new pay TV
company, CONSAT.

According to information available to ENCOMIUM Weekly,
the new pay TV platform, Continental Satellite Limited, will
operate in the form of cable satellite pay television with
bouquet and dish and the network will operate from the
premises of Continental Broadcasting in Ikosi, Ketu, Lagos.

Findings revealed CONSAT package cost N15,000 and will
provide 15 channels which include CNN, BBC, Aljazeera and
movie channels. Another 95 channels are also available for
subscribers who prefer the cable service.

The plan to float a pay TV platform by Bola Tinubu has been
in the pipeline for some time now. The equipment used in the
setting up of the company was shipped in to Nigeria last year
from Europe. According to inside source, about N250 million
went into setting up the new television venture.

Tinubu’s intention to set up this new pay TV is borne out of
his inability to take over assets of HiTV, a pay TV company
where he is said to have financial stakes.

GTBank’s terms and condition is identified as a stumbling
block to Tinubu’s takeover bid and that was after the
company packed up due to huge debts and its CEO, Toyin
Subair left the employment of the company.

CONSAT will no doubt give other pay TV platforms like
DSTV, Startimes, a run for their money in terms of services
and reach. Tinubu’s CONSAT is said to be cheaper and
provides more channels than other platforms.

The company’s official colour is yellow and black.

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Updated: July 3, 2014 — 10:58 pm
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