Gehua CATV Seals USD17 Million Digital TV Project Deal With Beijing Media Bureau
Yicai Global
/SOURCE : Yicai
Gehua CATV Seals USD17 Million Digital TV Project Deal With Beijing Media Bureau

(Yicai Global) May 11--- Radio and TV network operator Beijing Gehua CATV Network Co. [SHA:600037] (Gehua CATV) has signed a contract for Beijing high-definition (HD) interactive digital TV popularization and project services.

This agreement struck with Beijing Municipal Bureau of Press, Publication, Radio, Film and Television (BJBPP) is worth USD17 million (CNY117 million).

The services Gehua will provide include popularizing HD interactive digital TV to 200,000 new users and providing basic HD interactive digital TV services, including Radio and TV Live, playback, a free video on demand service, and comprehensive information services.

The contract value is about 4 percent of the audited operating income of Gehua CATV last year, and its final performance shall occur on Dec. 31. Gehua CATV said this deal will be instrumental in its operating performance.

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