Sign up Australia
Proactive Investors - Run By Investors For Investors

TV2U International to expand over-the-top entertainment platform

The new opportunity will leverage the technology deployed at SOL Telecom.
A child watching television
Initial tests for the service will be carried out over the next month

TV2U International (ASX:TV2) has signed a letter of intent with FibraRede in South Brazil, to provide a managed OTT (over-the-top) service for the delivery of Brazilian and other Latin American content.

These will include live TV channels, movies on-demand and audio content to be served to Japan, Vietnam, the Philippines and Australia. 

The company’s shares were last trading 11% higher intra-day, at $0.02.

TV2U is an entertainment platform that enables businesses, such as telecommunications companies, to offer streaming over-the-top (OTT) content to their customers.

Consumers will be able to view the content via a set-top-box and other devices including smartphones, tablets and PCs.

The opportunity will leverage the technology deployed at SOL Telecom, and TV2U will work together with FibraRede for the distribution of the content.

TV2U will provide its customised player applications and analytical platform for profiling the consumer’s viewing habits, with the expectation that services will further extend into targeted advertising.

Initial tests for the service will be carried out over the next month and the parties intend to work together to agree on the commercial terms within the next quarter.

TV2U also expects to roll out the services using its newly created Ivan-X web-based solution, making time to market within the identified regions quickly.

It is anticipated that services could hard launch as early as the beginning of 2018.

View full TV2 profile View Profile

TV2U International Timeline

Newswire
December 19 2016

Related Articles

shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
bluechiip-andrew-mclelland-presenting-Syd-Mar-2017.png
March 17 2017
Andrew McLellan discussed with investors wiresless tracking technology.
pioneering_tech_-__smart_burner_-_woman_hands_fire.png
May 18 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use