IPTV Deal Covers China

• Posted: Friday, October 20, 2006
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• Author: pradhana
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• Filed under: IPTV, Market Survey, Wireless Services

Orbit E-Commerce Inc. and its major shareholder, PureNet.TV Canada Inc., entered an agreement today with United Wireless Ltd. to form a Joint Venture for the purpose of delivering Internet Protocol Television ("IPTV") products and services to United Wireless' 15 million subscribers in major cities across the Peoples Republic of China ("PRC").

Under the agreement, United Wireless will provide government licenses and permits to deliver IPTV services in the largest cities in China. The Joint Venture Company, as yet to be named, will have immediate access to approximately 15 million subscribers through its 3,000 corporate and institutional clients in China.

To put this agreement in perspective, there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010).

"The partnership with PureNet and OECI will enable United Wireless and its partners to quickly establish itself as the leading provider of digital television products and services in the world's largest and fastest growing market through its 15 branch offices in China," says Ping Cheng, CEO of United Wireless.

"We are pleased to partner with United Wireless to establish a digital IPTV business, especially in a country where there are no digital cable television or satellite services available,” says Douglas C. Lloyd, President and CEO of OECI and PureNet.

“This is an excellent opportunity for OECI and PureNet to deliver on a digital IPTV system that the companies have spent the past few years researching and developing. We are now making every effort to expedite the deployment of our technology within the next sixty days in China," he added.

Source: WirelessIQ

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