The Hyderabad-based Goldstone Technologies Limited (BSE: 532439; NSE: GOLDTECH) as part of its strategy to expand into IPTV services, will be launching the IPTV services in two South-East Asian countries—Malaysia and Thailand.
Goldstone Technologies Limited has tied-up with MOL AccessPortal Berhad (MOL) of Malaysia to launch the IPTV service in Malaysia. MOL specializes in Internet media and e-commerce.
In Thailand, Goldstone Technologies has signed an agreement with Synap Media & Infotech Co. Ltd, a business group which is aspiring to have a strong presence in the hospitality industry in Thailand. Synap is a group promoted by various media and financial professionals, with interests in hospitality industry, to carry out media business including IPTV in Thailand & Hongkong. Synap is already in the process of launching its hospitality services in 2,000 hotel rooms in Thailand. Goldstone will provide a portfolio of programming through its IPTV service in Thailand.
“Malaysia has sizeable Indian population but currently only one Hindi and three Tamil channels are available from existing service providers. With Goldstone’s IPTV services, subscribers will not only have wide option to watch Indian TV channels but also able to watch on demand movies and TV programmes which are not available currently through any service provider” said Mr. Ganesh Kumar Bangah, CEO of MOL.
Apart from its global IPTV service, Goldstone Technologies Limited also has its IPTV services project underway in India, in association with the public sector Bharat Sanchar Nigam Limited over its broadband network.
“IPTV is the way people will increasingly watch television programming, and we are ahead of this curve, to leverage on this growing segment,” said Travis Caddell, Managing Director of Goldstone Technologies Limited.