SES SA Signs Contract on SES-5 with StarTimes Communication Network Technology; Sells 20% Stake in Top TV StarTimes Communication Network Technology
SES SA announced that StarTimes Communication Network Technology, a Chinese system integrator, technology provider and network operator, has signed a 10-year contract on SES-5 at 5 degrees East to deliver direct-to-home (DTH) broadcast services across Africa. StarTimes also acquired SES SA's 20% shareholding in South African pay-TV operator Top TV. The contract will see StarTimes utilise four transponders as of October 2013 and a fifth transponder from February 2014 to grow their DTH subscribers in Africa. The Chinese broadcaster will continue to broadcast TopTV on SES-5 by using three of the newly-contracted SES SA transponders that were formerly leased by ODM. The other two out of the five SES SA transponders contracted by StarTimes will be used to complement their DTT offering in remote and non-urban areas and grow their pay-TV business. The financial terms of the deals were not disclosed.
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