BEIJING, Nov. 7, 2014 /PRNewswire/ -- China Digital TV
Holding Co., Ltd. (NYSE: STV) ("China Digital TV"), the leading
conditional access systems provider in China's expanding digital television market,
today announced that it has won a tender to supply 900,000 smart
cards to CANTV, the leading integrated telecommunication service
provider in Venezuela, for use on
CANTV's direct-to-home ("DTH") platform.
China Digital TV had already installed a conditional access (CA)
system, a subscriber management system (SMS), and electronic
program guides (EPGs) on CANTV's DTH satellite platform to enhance
the performance of the operator's Internet protocol television
(IPTV) network.
CANTV's DTH platform covers the entire territory of Venezuela, serving more than 500,000 paying
subscribers.
Dr. Zengxiang Lu, CEO of China
Digital TV, commented, "We are delighted to win yet another tender
from CANTV. We will work closely with them to tailor our solutions
to their needs, and look forward to helping them strengthen their
position in Venezuela's emerging
pay-TV market. We are pleased with the progress we are making in
expanding our business overseas amid increasing demand for China
Digital TV's products and solutions in developing markets."
Safe Harbor Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995.
These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "may," "should" and
similar expressions. Such forward-looking statements include,
without limitation and comments by management in this announcement
about trends in the CA systems, digital television, cable
television and related industries in the PRC and China Digital TV's
strategic and operational plans and future market positions. China
Digital TV may also make forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about China Digital TV's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from
projections contained or implied in any forward-looking statement,
including but not limited to the following: competition in the CA
systems, digital television, cable television and related
industries in the PRC and the impact of such competition on prices,
our ability to implement our business strategies, changes in
technology, the structure of the cable television industry or
television viewer preferences, changes in PRC laws, regulations or
policies with respect to the CA systems, digital television, cable
television and related industries, including the extent of non-PRC
companies' participation in such industries, and changes in
political, economic, legal and social conditions in the PRC,
including the government's policies with respect to economic
growth, foreign exchange and foreign investment.
Further information regarding these and other risks and
uncertainties is included in our annual report on Form 20-F and
other documents filed with the U.S. Securities and Exchange
Commission. China Digital TV does not assume any obligation to
update any forward-looking statements, which apply only as of the
date of this press release.
About China Digital TV
Founded in 2004, China Digital TV is the leading provider of
conditional access ("CA") systems to China's rapidly growing digital television
market. CA systems enable television network operators to manage
the delivery of customized content and services to their
subscribers. China Digital TV conducts substantially all of its
business through its subsidiaries, Beijing Super TV Co., Ltd. and
Beijing Novel-Super Media Investment Co., Ltd, and its affiliate,
Beijing Novel-Super Digital TV Technology Co., Ltd.
About CANTV
CANTV (BVC: TDV.D) is the first telephone service enterprise in
Venezuela, founded in 1930. The
company was re-nationalized in 2007.
For investor and media inquiries,
please contact:
In China:
Nan
Hao
Investor Relations Manager
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn
Brunswick Group
Tel: +86-10-5960-8610
Email: chinadigital@brunswickgroup.com
In the U.S.:
Brunswick Group
Tel: +1-212-333-3810
Email: chinadigital@brunswickgroup.com
SOURCE China Digital TV Holding Co., Ltd.