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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  PCCW Ltd    0008   HK0008011667

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PCCW Limited : now TV expands international distribution footprint to US DISH to launch three now TV-branded channels

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02/15/2013 | 03:09pm CEST

PCCW (SEHK:0008) - HONG KONG and US, February 8, 2013 -now TV, Hong Kong's largest quadruple-play pay-TV provider and a leading Chinese-language content producer, has signed an overseas content distribution agreement with DISH, one of the largest satellite platforms in the U.S. with more than 14 million subscribers.

The collaboration means DISH customers in the U.S. will be able to enjoy the following premium Chinese-language content from now International, BNC and now HaiRun channels:

  • now International offers an array of high-quality lifestyle, food and travel programs, along with a wide selection of popular variety shows and entertainment news programs from now TV. Produced in HD quality, popular productions include "One Life One Earth", "18/22", "Chef Corner", "Station 102" and "You Are The Queen".
  • now BNC is a 24-hour business news channel providing thorough and insightful analysis to keep viewers up to speed with stock markets in Hong Kong and around the world. Weekend programming includes topical news covering the economy and politics, as well as international affairs.
  • now HaiRun is a drama series channel broadcasting high-quality Hairun Media productions that feature renowned artistes from mainland China and Hong Kong. Series such as "Cai E & Yuan Shikai", "Say That You Love Me" and "The DR Mission" are prime examples of now HaiRun's attractive repertoire

The three now TV channels will also become available on DISHWorld via DISH's over-the-top IPTV platform (details to be announced soon).

Ms. Janice Lee, PCCW's Managing Director of TV & New Media, said: "We are thrilled to work with DISH, one of the largest satellite platforms in the U.S. who understands the needs of viewers. This partnership brings our content to viewers in the U.S. and represents yet another important milestone in expanding now TV's distribution footprint and in bringing the best Chinese-language news, business and entertainment to the growing Chinese-speaking market around the globe."

Mr. Dave Shull, Senior Vice President of Programming, DISH, said: "The addition of now TV content is testament to our continued effort to strengthen DISH's lineup of leading international channels. As the first pay-TV provider in the U.S. to ink a distribution deal with now TV, we're proud to debut its Chinese-language programming to our nation's East Asian communities."

About now TV

now TV is one of the world's largest commercial deployments of IPTV and Hong Kong's largest pay-TV provider. It is delivered by PCCW Media, the multimedia and entertainment subsidiary of PCCW Limited. PCCW also holds interests in telecommunications, IT solutions, property development and investment, and other businesses.

now TV serves Hong Kong with more than 180 channels of local, Asian and international programming, including premium content such as Spanish La Liga, English FA Cup, NBA, French Open, US Open, ATP World Tour, BWF Super Series, World Snooker Tour, F1 and PGA Tour. In addition, now TV is both a leading producer of news, sports and infotainment programming and a provider of a wide range of interactive services. now TV can be enjoyed on the eye devices provided by HKT, the telecommunications business of PCCW. Select now TV content and interactive applications can also be accessed via HKT's 3G mobile network and broadband service. To learn more about now TV, please visit www.now.com.

About PCCW Limited

PCCW Limited (SEHK: 0008) is a Hong Kong-based company which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.

The Company holds a majority interest in HKT, Hong Kong's premier telecommunications service provider. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers.

PCCW also owns a fully integrated multimedia and entertainment group in Hong Kong, which includes a highly successful IPTV operation, now TV. As the provider of Hong Kong's first quadruple-play experience, PCCW offers a range of innovative media content and services across four delivery platforms - fixed-line, broadband Internet access, TV and mobile.

Also wholly-owned by the Group, PCCW Solutions is a leading information technology outsourcing and business process outsourcing provider in Hong Kong and mainland China.

In addition, PCCW holds a majority interest in Pacific Century Premium Developments Limited, and overseas investments including the wholly-owned UK Broadband Limited. To learn more about PCCW, please visit www.pccw.com.

About DISH

DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 14.042 million satellite TV customers, as of Sept. 30, 2012, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation's subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visitwww.dish.com.

For further information, please contact:

Stella Wong
Group Communications
PCCW Group
Tel: +852 2888 2253
Email: [email protected]
Danielle Johnson
Tel: 303-723-2191
Email: [email protected]

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Average target price 5,13  HKD
Spread / Average Target 16%
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Srinivas Bangalore Gangaiah Group Managing Director & Executive Director
Tzar Kai Li Chairman
Hon Hing Hui Group Chief Financial Officer & Executive Director
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