Omg OMG
US$93.5M LETTER OF INTENT TO PURCHASE 3DCLOUDTV FROM AT&T Global Roadshow Commenced
Highlights:
- xTV and TPT are seeking to combine their technologies to deliver 3DCloudTV (refer announcement on ASX on 19 April 2016 in respect of an option agreement)
- AT&T has issued a Letter of Intent to xTV pending the signing of a formal AT&T supplier agreement (and pending execution of the final licence or ownership agreement under the option agreement)
- The Letter of Intent sets out a proposed order for initial bookings with a value of US$93.5M for 2,500 3DCloudTV units
- In the interim, a US$1.8M order has been received pending the licence and/or ownership by xTV to commence supply in July 2016.
- Global roadshow under way, sponsored by AT&T
Omg OMG US$93.5M LETTER OF INTENT TO PURCHASE 3DCLOUDTV FROM...
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