"A contract to provide the technology for OTT services was closed with SOL Telecom in Brazil, on 28th February 2017. In June 2017, TV2U commenced the implementation of the services. The service has been in ‘soft launch’ during August and will continue during September, in parallel TV2U is finalizing outstanding agreements with content owners, operational support services and marketing channels. The service is anticipated to ‘hard launch’ in October 2017, from which point the services will become fully available to the Brazilian consumer market via ISP Operators.
A contract to provide the technology for OTT services was also closed with PGASCOM in Indonesia, on 23rd June 2017. In June 2017 TV2U commenced initial implementation of these services. The first Operator in Indonesia that intends to launch our services to their consumer base is SmartFren. The launch of services is currently dependent on finalization of the initial contract terms with PGASCOM (expected within September 2017) and separately finalization of the content negotiations with the Hollywood studios, which is expected to complete in October 2017. Services are then expected to immediately ‘hard launch’ to consumers."
agree - will run hard on revenue.
longs been through it all before.
i hold a position as a hedge to the upside, while i acknowledge a candle in the wind trying to get its foundations set.
this hard launch october, suggests that all the infrastructure is in place.
they just need to get some cash flowing.
TV2 Price at posting:
1.1¢ Sentiment: None Disclosure: Held