AsiaCableTV is a broadband service and content provider which is launching high-speed broadband access and multimedia content delivery over the existing cable infrastructure in the PRC. To date, the Company has partnered with two cable system operators located in two key eastern seaboard provinces, with access to more than 10 million Chinese cable TV households, equivalent to 35% of the total, and more than 300,000 small and medium-sized businesses. In addition to broadband access services, the Company also packages and distributes interactive Chinese language multimedia content. The Company focuses on three categories of multimedia content delivery, namely entertainment, lifestyle, and education.
By tapping into existing cable systems, ACTV provides highspeed broadband interactive services over the Network via PC or TV. However, with the higer installed base of TVs compared to PCs in china, there is greater opportunity for TV-based interactive services. Services such as education via the web, interactive games, entertainment segments and IP telephony are all in the pipeline. ACTV will grow through the enhancement and upgrading of the cable network in China by providing in stages broadband applications and services to residential and commercial users.
The Company have signed two joint venture agreements with provincial Cable TV operators to provide broadband services through their existing cable television networks. Our JV Agreements provide us with exclusive right to provide broadband services to the existing cable TV subscribers. The CATV partners will be responsible to develop, upgrade and operate the fibre optic network. Asia Cable TV will provide know-how to build and manage the service platform to enable all broadband services to the subscribers.
