Last week GS Group, an internationally-oriented Russian technology company active in a variety of industries, announced the sale of its controlling stake in Cambodia’s One TV, the leading local pay-DTT company. The Cambodian partner, The Royal Group of Companies, has become the majority shareholder of One TV.
Launched in 2012, One TV became “one of the first successful examples worldwide of implementing a TV digitalization program based on the in-house technologies, competencies and funds of privately-held companies,” the Russian company claims.
“The project has been carried out under the guidance of the International Telecommunication Union (ITU) as a specific case to address national-level challenges in the field of digital television,” GS Group adds.
After this experience — the first of its kind for GS Group, — the Russian company plans to “launch priority projects in other markets.”
“In particular, we are interested in countries with a significant demand for high quality TV broadcasting at an affordable price, such as Bangladesh, Pakistan and a number of other countries”, said Sergey Dolgopolsky, PR, GR and IR director, Foreign Broadcasting Projects Department, GS Group.
