Israel's Optibase Ltd., a leader in advanced digital video solutions, has announced that it is providing its IPTV solution to Hungarian Internet service provider, TVnet, which is upgrading its Internet and telephony services.
Though the value of the deal was not disclosed, market sources estimate it to be worth $1 million (€ 780,000). TvNet has added IPTV to its basket of services and will start offering it in Budapest in December. The Optibase-TVnet collaboration was facilitated by Ring Net Telecommunications Ltd., a systems integrator company active in Eastern Europe. Optibase provided its high-quality, high-reliability carrier class IPTV head end for streaming MPEG-4 H.264 channels to Ring Net for the installation of TVnet's end-to-end IPTV solution.
Providing broadcast quality video, the Optibase MGW 5100 solution encodes live video and transcodes from DVB satellite feeds, for streaming over IP networks. “TVnet has started a significant investment in IPTV. By capitalizing on Optibase's advanced technologies such as MPEG-4 H.264 compression and smooth IP Video streaming, TVnet can add digital television services to their traditional ISP offerings," Ring Net chief executve Tibor Orbán said in an Optibase statement released on Tuesday. “This enables TVnet to yield higher monthly revenues and is more cost-effective for both the ISP and the subscriber in that it utilizes the service provider's existing broadband infrastructure," he added. “With Optibase's advanced H.264 technology, TVnet can offer a cost-effective TV over IP service to their subscribers," Udi Shani, Executive VP of Sales at Optibase added.
Optibase provides professional encoding, decoding, video server upload and streaming solutions for telecom operators, service providers, broadcasters and content creators. Optibase's breadth of product offerings are used in applications, such as: video over DSL/Fiber networks, post production for the broadcast and cables industries, archiving; high-end surveillance, distance learning; and business television. Headquartered in Israel, Optibase operates through its fully owned subsidiary in Mountain View, California and offices in, Japan, China, India and Singapore. Optibase products are marketed in over 40 countries through a combination of direct sales, independent distributors, system integrators and OEM partners. (portfolio.hu)