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Thursday, January 04, 2007
MUMBAI: IOL Broadband Ltd. said on Wednesday it has tied up with state-owned telecommunications company Bharat Sanchar Nigam Ltd. to provide Internet television services.
Shares in the company extended gains to rise five per cent, its maximum limit, on the BSE after the announcement.
IOL Broadband has also signed a revenue sharing agreement with Anytime, a consortium of Hollywood studios such as Walt Disney Co., FOX, Warner Brothers, and Universal for providing access to films.
"This agreement will allow IOL IPTV subscribers to view latest Hollywood block busters without commercial breaks, months before satellite TV broadcasts," the company said in a statement.
Internet Protocol Television, or IPTV, uses the Internet as the transport platform to send video signals to television using high speed connections.
IOL has already started trial services of IPTV on BSNL's broadband network in Bangalore. The launch in Bangalore is scheduled for January 14, followed by other cities.
Another state-owned telecoms service provider, Mahanagar Telephone Nigam Ltd., launched its IPTV services in November last year.
Source: Reuters
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