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CMMB To Acquire 51
Percent, Controlling
Interest in Dish-HD Asia
CMMB Vision, an
investment company
developing and promoting
the China Mobile
Multimedia Broadcast
(CMMB) standard, has
agreed to acquire 51
percent of the leading
full-service satellite
and digital TV provider,
Dish-HD Asia. The $6
million deal, subject to
regulatory approval,
will enable CMMB Vision
to jump-start its
planned mobile
multimedia service
platform in China and
become the first
converged satellite
service provider in Asia
to offer an integrated
entertainment
environment across
consumers' screens and
devices.
The CMMB and related
Next Generation
Broadcasting-Wireless
(NGB-W) standards are
more cost-efficient,
next generation
alternatives to Europe's
DVB-SH standard for
digital video
broadcasting to handheld
devices. CMMB Vision
will pair Dish-HD Asia's
76 satellite TV
channels, Internet data
services, and planned 4K
ultra-high-definition
services with its
platform and
recently acquired
satellite capacity
to reach China's 1.4
billion population and
the rest of Asia. The
Dish-HD Asia acquisition
also provides CMMB
Vision with a global
management team with
extensive experience in
satellite operations.
CMMB Vision intends to
replicate the Chinese
model with turnkey
solutions to deploy in
other Asia markets.
Dish-HD Asia is a
related company to Dish
Network, the second
largest satellite pay-TV
provider in the US.
Announced the
Acquisition of 5% Equity
Interest in Soaring At a
Consideration of
US$2,000,000
Immediate through
Dish-HD Asia’s
Comprehensive
Satellite-based services
Platform, Turnkey
Expertise, Global
Management and Valuable
Content Partnerships
With Leading Hollywood
Content Providers to
Jump-start the Company’s
Planned Satellite-based
Mobile Multimedia and
Data Delivery Business
for China’s 1.4 Billion
Population and the Rest
of Asia
3
December 2014
CMMB VISION HOLDINGS
LTD. (“CMMB Vision” or
the “Company”, together
with its subsidiaries,
the “Group”) (Stock
Code: 471.HK), is
pleased to announce that
CMMB Vision entered into
the Share Purchase
Agreement with Mr. Yu
Yueh-Lung for the
acquisition of 5% equity
interest in Soaring Idea
Holdings Limited
(“Soaring”) and an
option to purchase an
additional 46% equity
interest in Soaring
within 6 months at a
consideration of
US$2,000,000 and
US$4,000,000
respectively.
Currently, subject to
regulatory approval,
Soaring will be entitled
to a 51% controlling
stake in Dish-HD Asia
Satellite Limited
(“Dish-HD Asia”), which
is a leading and rapidly
growing full-service
satellite digital pay-TV
provider that delivers
high-definition TV
programming directly to
consumer homes in the
Greater China Region.
Dish-HD Asia possesses
comprehensive service
operating platform,
global management
experience, abundant
Hollywood content
distribution rights,
diverse customer
franchise over Taiwan,
Hong Kong and China, and
next generation set-top
box technologies.
Moreover, Dish-HD Asia
is currently delivering
76 satellite TV channels
of mostly
high-definition
programs, and planning
to launch 4K
ultra-high-definition
services as well as
satellite-based Internet
data services in early
2015.
Dish-HD Asia was founded
by Asia Satellite
Telecommunications
Company Limited, and
EchoStar Corporation,
which in turn is a
related company to Dish
Network, the second
largest satellite pay-TV
provider in the US.
Mr. Charles Wong, the
Founder and President of
CMMB Vision, said “The
acquisition will enable
CMMB Vision to immediate
leverage and incorporate
Dish-HD Asia’s existing
comprehensive
satellite-based services
platform, turnkey
expertise, global
management experience
and valuable content
partnerships with
leading Hollywood
content providers to
jump-start the Company’s
planned satellite-based
mobile multimedia and
data delivery service
platform with Chinese
media partners in China.
It also enables us to
become the first
converged satellite
service provider and
expand our wireless
delivery infrastructure
to include both mobile
and DTH satellite
platform to offer
integrated
entertainment,
multimedia, and data
services across all
consumer screens
inclusive home TV,
mobile devices, or
in-vehicle entertainment
system anytime anywhere
for China’s 1.4 billion
population and the rest
of Asia. ”
“Looking forward,
together with the rapid
development of cultural
industry and more
diversified mobile
devices, as well as over
1 billion mobile user
base in China, there
will have ample demand
in multimedia and
big-data services and
create huge business
opportunities to the
Company. We believe that
satellite- based mobile
and DTH satellite
multimedia business and
its related services
will develop quickly
with great potential
returns to the
shareholder due to the
rapid increasing demand
on Hollywood contents
and data delivery
through high
price-to-performance
satellite-based mobile
multimedia platform in
China and the rest of
Asia.”
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