Thailand-based technology company, Venture Catalyst Group (VC Group), is launching a new Internet-enabled set-top box (STB) to provide on-demand video streaming services on its Penta TV, a smart TV platform which enables casting from smartphone and tablet to TV
VC Group is apparently targeting five million fixed broadband users in the country and is planning to generate a revenue of THB 300 million (USD 9.2 million) over the next three years, by controlling up to 60% of the all-in-one set-top box market by 2015, according to reports.
Penta TV Box is offered for a price of THB 3,500 (USD 107.6) and it requires a minimum Internet connection speed of 2 Mbps.
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