Under the agreement, United Wireless will provide government licenses and permits to deliver IPTV services in the largest cities in China. The Joint Venture Company will have immediate access to approximately 15 million subscribers through its 3,000 corporate and institutional clients in China.
To put this agreement in perspective, there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010). Mr. Ping Cheng, CEO of United Wireless states, "The partnership with PureNet and OECI will enable United Wireless and its partners to quickly establish itself as the leading provider of digital television products and services in the world's largest and fastest growing market through its 15 branch offices in China."
In commenting on the signing of the Agreement with United Wireless, Douglas C. Lloyd, President and CEO of OECI and PureNet said today that, "We are pleased to partner with United Wireless to establish a digital IPTV business, especially in a country where there are no digital cable television or satellite services available. This is an excellent opportunity for OECI and PureNet to deliver on a digital IPTV system that the companies have spent the past few years researching and developing. We take great pride in having established a close relationship with one of the most important media organizations in China. The companies are excited about the attitude of our partners and their state sponsors, who have determined that digital IPTV is the most effective means of distributing video content and are now making every effort to expedite the deployment of our technology within the next sixty days in China."
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