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MiTV To Submit 3G Business Plan To MCMC
4th May , 2006

ASIA Malaysia : MiTV Corporation Sdn Bhd, the second Pay TV company in Malaysia, is all geared up to support the Government’s mission to develop the next-generation telecommunications infrastructure in Malaysia. A letter dated 6th March 2006 from the Malaysian Communications and Multimedia Commission (MCMC) has confirmed the award of the IMT-2000 spectrum assignment to MiTV Corporation.

The final award of the 3G spectrum is conditional on the submission of a detailed business plan to MCMC within six (6) months from the date of announcement and payment of a spectrum assignment fee of RM50 million. In a further demonstration of MiTV’s commitment and preparedness, the spectrum assignment fee has been paid off in one full payment today, although alternative payment schemes are available.

In a statement today, MiTV Chairman Dato’ Ir. Rosman Ridzwan ( inset ) said, “We are very thankful having been awarded the assignment. In particular, the company would like to express our utmost appreciation to the Ministry of Energy, Water and Communications and the Malaysian Communications and Multimedia Commission for their confidence in MiTV and their belief in our capabilities as a partner in the Government’s nation building agenda. MiTV looks forward to provide Malaysians with cutting edge mobile broadband solutions that offer more choices, more value for money and enriched multimedia experience. Having roots as a content-centric entity, we aim to deliver additional variety of exciting and engaging content to a new generation of mobile users. In order to deliver further value to our customers, we have begun engaging strategic partnerships with prospective Content, Application and Service (CAS) providers and Mobile Virtual Network Operators (MVNOs).”

Dato’ Rosman added, “To this end, we are also committed to develop the local CAS industry through planned promotions, sponsorships and local procurement of content. Our activities will create more job opportunities in Malaysia, and hence enables MiTV to focus on the development of local resources and talent.”

Dato’ Rosman said, “It was clearly revealed by the Commission earlier, that all three applicants had all met the minimum threshold in terms of financial, managerial and technical capabilities. As such, we are very pleased that we have submitted a very competitive bid. MiTV having a solid shareholder track record, expertise in the management and technical team, is confident of delivering our promise to the nation. In all, we are very pleased with the government’s decision and recognition that significant developments will be achieved in Malaysian telecommunications industry as a result of the appointment of Greenfielders such as MiTV and TT dotCom.”

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