GoConnect forms Asian-language IPTV joint venture

IPTV company GoConnect (ASX:GCN) and Victoria-based ISP Netbay Internet have formed a 50-50 joint venture devoted to distributing Asian language IPTV programming

GoConnect (ASX:GCN) has announced a new Asian-language IPTV joint venture with Victoria-based ISP Netbay Internet.

The arrangement will see the creation of an equally-owned company, Asia IPTV, which will initially serve up Cantonese and Mandarin language programming.

GoConnect, will be responsible for distribution across its various IPTV properties, which currently also includes programming such as music content from uctv.fm and The Business Show.

Netbay will host the programs and distribute them within its own broadband network.

The content is currently being offered by Netbay through its own MyiTV IPTV service, under license from the Australian subsidiary of TVB. TVB is a Hong Kong free to air broadcaster.

The joint company intends to eventually expand to include Korean, Indian, Chinese and Vietnamese language channels.

GoConnect executive chairman, Richard Li, said he foresaw a demand for the services.

“Australia is a nation of migrants and many Asian migrant households are already subscribers to satellite TV services provided by various networks from their countries of origin,” he said.

He said he expected Asia IPTV to launch services in the second half of the year.

GCN shares fell 3.33 per cent on Wednesday to $0.029.

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