China Digital TV Wins Satellite TV Contract in VenezuelaFriday, May 28th, 2010
BEIJING — China Digital TV Holding Co., Ltd. (NYSE: STV) (“China Digital TV”), the leading provider of conditional access systems to China’s expanding digital television market, today announced that it has entered into a contract with CANTV, the leading integrated telecommunication service provider in Venezuela, to install various systems and solutions on CANTV’s direct-to-home (DTH) satellite platform.
CANTV is the largest integrated telecom operator in Venezuela and has been developing its IPTV services since 2009, expecting to deliver IPTV beta tests in 2010.
China Digital TV has been engaged to install a conditional access (CA) system, a subscriber management system (SMS), and electronic program guides (EPGs) on CANTV’s DTH satellite platform to enhance the operator’s IPTV network. The DTH platform is expected to begin beta testing in the third quarter of 2010 and be fully operational in early 2011. It is expected to cover the entire territory of Venezuela, servicing more than 600,000 paying subscribers by 2015.
Tracy Yue, general manager of China Digital TV’s overseas business, commented, “We are delighted to win our first contract in Latin America, which shows the solid progress we are making in overseas market expansion. This encouraging achievement also demonstrates the strong demand for China Digital TV’s products and services in emerging markets. We will continuously optimize our solutions during the implementation process according to the needs of CANTV, and assist CANTV to enhance its competitiveness in Venezuela’s emerging pay-TV market.”
Alfredo Munoz, manager of multimedia operations at CANTV commented, “We are excited to partner with China Digital TV, whose solutions have demonstrated great success in China, the world’s largest TV market by viewership. China Digital TV’s excellent security technology, anti-piracy solutions, and high-quality service enjoy a high reputation among industry players in the China market. We are very confident in our partner’s ability to provide the advanced technologies and solutions necessary for the success of our groundbreaking DTH project.”