China bankrolls new cable TV operator to unify technology, integrate networks Read more: China bankrolls new cable TV operator to unify technology, integrate networks
RapidTVnews.com reports that China is seeking to consolidate its vast cable television network by establishing a national operator called China Broadcasting Network Ltd.
With a registered capital of ¥4.5 billion (US$728.48 million), China Broadcasting Network Ltd is expected to become the country’s fourth largest cable network operator after China Mobile, China Unicom and China Telecom.
The company initially plans to integrate financially strapped local cable companies currently operating in central and western areas of the country, according to the China Daily.
Wang Xiaojie, head of the technology department with the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), said it will focus on building a unified cable television network, setting up a common technology standard and helping to distribute content across different television stations.
Read more: http://www.rapidtvnews.com/2014053033891/china-bankrolls-new-cable-tv-operator-to-unify-technology-integrate-networks.html