China Cable and Communication, Inc. a leading China-based cable TV company have announced that they have entered into an additional joint venture between their part-owned company Beijing Jin Zhi Cheng ShangMao Limited Liability Corp. and Zhong Dian Tong (Beijing) Digital TV Development Co. Ltd, the second largest company selling cable modem and head-end servers in China.
This joint venture will allow CCCI to reach an additional 1.1 million cable TV subscribers, crossing over 4 Chinese provinces. Under this agreement, CCCI will use these provinces as a pilot launch and will replicate its services to their own provinces over the coming three years.
Services
Basic Service: Subscribers will be able to connect to the broadband internet via Cable TV (HFC) backbone network. Under this subscription, charges will apply in the form of recurring fees, which can be paid monthly, semi-annually, or annually.
China Cable Communication's joint venture agreement will be valid for one year. After the one year market development trial period, both parties involved will have the option of executing a 30 year joint venture agreement. If the parties choose not to enter into an expanded business contract, the current agreement will continue to be valid in the cities that have entered into a three-way joint venture agreement.
Gareth Tang President and CFO of CCCI stated, "We are excited about the direction in which our company is headed. We've identified a large, untapped cable TV market in China and will continue to create joint ventures, improve our services, and expand our subscriber base to meet those needs." Mr. Tang continued, "We are dedicated to strategically building our company for long- term growth, and as cable technology enters into new provinces, we will be in the forefront of providing our services."
For more information please visit http://www.chinacable.us