China Digital TV Announces Dongguan Broadcasting Network and Media Development Corporation's One Millionth Smart Card Purchase
Wednesday, March 19th, 2008BEIJING — China Digital TV Holding Co., Ltd. (NYSE: STV), the leading provider of conditional access (“CA”) systems to China’s rapidly growing digital television market, today announced that Dongguan Broadcasting Network and Media Development Corporation (“Dongguan Broadcasting”) has purchased their one millionth smart card from China Digital TV.
“Digital television penetration in China, which stood at just seven percent at the end of 2007, is accelerating toward significantly higher rates, fueled by a government-mandated switch to digital by 2015,” said Jianhua Zhu, China Digital TV’s chief executive officer. “With our dominant market share in smart card shipments and contracts to install CA systems, we’re capturing a substantial portion of that growth, and we are proud to have enabled Dongguan Broadcasting to provide secure and reliable digital cable television access to over a million subscribers, a significant milestone in China’s fragmented operator market.”
Mr. Zhu noted that the company’s adaptable solutions, unique customer service model, and deep understanding of the local market have helped China Digital TV become the partner of choice for digital television network operators such as Dongguan Broadcasting.
Dongguan Broadcasting is China Digital TV’s third customer whose smart card shipments have surpassed 1 million cards.
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