Vietnam Television (VTV) plans to divest its three pay television units viz Vietnam Television Cable Corporation (VTVcab), Saigon Tourist Cable Television (SCTV) and K+. VTV aims to strengthen its broadcast segment.
“VTVcab will be equitised by the end of this year, which means we will offload our stakes in this unit,” said Tran Binh Minh, General Director with VTV. “After divesting from VTVcab, as well as SCTV and K+, VTV will only take over the supervision of broadcasting content.”
VTVcab, wholly owned subsidiary of VTV, was launched in 20 September, 2005. It provides services in more than 60 provinces across Vietnam. SCTV was established in 1992 as a wholly state-owned joint venture between VTV and the SCTV. SCTV claims to have over 2.3 million cable TV subscribers and 500,000 digital TV subscribers, at the end of 2014. K+, a joint venture of VTV and French communication group, CanalPlus by a 51:49 ratio, is a satellite TV service. It was introduced in May 2009.
VTV was established on 6 September, 1970. It operates five terrestrial channels viz VTV1, VTV2, VTV3, VTV5 and VTV6; an international channel, VTV4; eight high definition channels; and five regional channels. Besides, VTV has its own film production company, Vietnam Television Film Centre,
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