Time Broadband Services (TBSL) with its joint venture partner, Malaysia’s Stanton Technologies, has launched the world’s first IPTV over 2.5G mobile platform to target the estimated $4 billion mobile IPTV market. The JV also announced signing of contracts with DiGi in Malaysia, and China Mobile and China Unicom in China.
The Time-Stanton JV would provide IPTV service to over 500 million mobile subscribers in China, the largest in the world. TBSL recently got funding from Dubai Ventures, the equity investment arm of Dubai Investment Group.
Sujata Dev, CEO and MD, TBSL, said, “Time-Stanton JV is the stepping stone for global expansion of digitally repurposed Indian and other content for multiplier effect of IPTV, where mobile IPTV is one of the platforms. With continued support from our investors, we are confident that this JV would become one of the top mobile IPTV service providers globally.”
Mervin Nevis, CEO, Stanton Technologies, Malaysia, said, “After our JV with TBSL and the Malaysia launch, we have been able to jointly explore the Chinese market with Potevio, which gives us access to 600 million subscribers of China Mobile and Unicom. We are excited to enter the Indian market through the Time-Stanton JV. We appreciate Dubai Ventures’ efforts to put this partnership together and have no doubts that together we would be able to bring about a revolution in the IPTV experience of mobile consumers globally.”
“Indian content has gained a lot of importance in recent times and has broken geographical barriers. Content has improved digitally and quality wise. It is the right time to launch the service with the Olympics round the corner. This is not mobile TV, but IPTV on mobile. We look forward to joining hands with Indian PSUs for IPTV on landline. We have promised them an annual turnover of about Rs 25 crore,” Dev added.