TVnet to build Ft 100 mln IP TV network
TVnet Kft plans to spend Ft 100 million on setting up an internet television (IP TV) network in Budapest and 11 other large cities in Hungary by December, the company announced on Sunday.
Allied Telesyn is supplying equipment for the network, which is already in the testing phase. TVnet managing director Tibor Lengyel said he expected 4,000-10,000 subscribers to sign up for the service by December. Subscribers will be offered internet and IP telephony services as well as IP TV services.
TVnet had 15,000 subscribers at the end of 2005, three times the number a year earlier. The company had revenue of more than Ft 1 billion, or roughly twice the 2004 figure.
TVnet is not related to TvNetWork Nyrt, a cable TV and internet service provider which was floated on the Budapest Stock Exchange (BÉT) on Monday.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.