UTStarcom launches iTV Media services in Spain
Jan 21, 2013 (M2 EQUITYBITES via COMTEX) --
UTStarcom Holdings Corp (Nasdaq:UTSI), a provider of media operational support services and broadband equipment products and services, announced on Friday that its partner, iTV Media Inc, an interactive, IP-based network solutions and service provider, will begin deploying its IPTV and video on demand (VOD) services in Spain in January 2013.
This deployment by iTV is through a strategic partnership with Mira TV, an Over-the-Top (OTT) IPTV platform provider in Spain, offering over 200 channels on demand with more than 5,000 hours of VOD content. The launch of these services in Spain is expected to provide iTV Media access to approximately 200,000 subscribers by summer 2014.
UTStarcom had invested in iTV Media in 2010 as part of its strategy to expand into media operational support services and is the single largest shareholder of iTV Media.
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