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TMCNet:  Hunan TV & Broadcast Intermediary Allies with China Unicom

[December 13, 2012]

Hunan TV & Broadcast Intermediary Allies with China Unicom

CHANGSHA, Dec 13, 2012 (SinoCast Daily Business Beat via COMTEX) -- Hunan CATV Network Group Co., Ltd. (transliterated) signed a strategic cooperation framework agreement with the Hunan branch of China United Network Communications Group Co. (China Unicom) on December 12.



The information was announced by Hunan TV and Broadcast Intermediary Co., Ltd. (SZSE: 000917), the parent company of Hunan CATV Network Group, on the same day.

To promote Tri-networks integration, the two parties will, on the basis of complementing each other's advantages and realizing win-win results, launch all-round strategic cooperation.

According to the agreement, both sides plan to cooperate with each other in broadband data business, integrated package business, wireless hotspot coverage, exclusive services for cable digital TV business, integrated multi-screen business and so on.

Since China Unicom is a leading mobile communication operator with brand influence in China, the strategic cooperation agreement will help both sides fully make use of each other's superior resources, expand the market of tri-networks integration, accelerate the development of cable network business and eventually improve the competitiveness and profitability of Hunan TV and Broadcast Intermediary, according to the announcement.

Source: www.stcn.com (December 13, 2012)

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