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Startimes' investment in Nigeria hits over
N15bn in 2 years
Wednesday, Jan 09, 2012
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Management of Startimes, Nigeria, says it has injected over N15
billion into the nation's economy over the past two years.
This is just as the company unveiled plans to bid for the hosting
right of the forthcoming African Cup of Nations (AFCON) in South
Director Operations, Startimes, Maxwell Loko who gave the hint at a
press conference held in Abuja, explained that the firm is currently
perfecting negotiations to acquire hosting right to air the
forthcoming African Cup of Nations, just as it unveiled additional
packages to be provided by the company, which includes DVB-T2
decoder, M50 Mobile TV phone and the launch of the Door-to-Door
According to Loko, the DVB-T2 technology’s unique advantage is
its ability to offer more educative, informative and entertaining
programmes with one frequency having the capacity for 25
Loko explained that the latest introduction puts Nigeria at par with
other African countries like Kenya, Mozambique and Uganda where
Startimes had introduced the technology.
He said “besides the African Cup of Nations which will be provided
on the bouquet for Nigerians to enjoy, the Startimes DVB-T2
decoder will gather over seventy channels of great sport, music,
movies, news, kids and teens entertainment, documentary, religion
and lots more.
“Other exciting channels to join the T2 decoder channel list soon
are WAP TV, EuropeSports News, Africa Movie Channel, A Music
Channel (AMC), Business TV, Freshwave among others.”
Loko who noted that the company has captured 16 states assured
on the expansion programme aims at establishing its presence in 15
The Chinese company which currently shares partnership with the
Nigerian Television Authority (NTA) described terrestrial
broadcasting all over the world as being capital intensive.
On his part, Startimes Chief Operating Officer, Joshua Wang
explained that the focus of the company goes beyond profit motive,
rather the management will be pre-occupied with meeting its social
responsibility especially as it concern migration policy from
analogue to digital broadcasting in the country.
“Our mission is to ensure that every home in Nigeria enjoys
affordable digital entertainment backed by the collaboration with
NTA, a strategic partnership that will help Nigeria in actualizing its
2015 transition deadline.