Monday, October 5, 2015   

HKTV suspends productions
(03-11 16:54)

Hong Kong Television Network Limited (1137) announced that it decided to suspend the filming of new television program, after it received unfavorable reply from the authority.
The mobile television operator, which aims to start airing TV programs through mobile, received reply from the Office of the Communications Authority on the standard of mobile TV services, said the firm controlled by Ricky Wong Wai-kay in a statement filed to the stock exchange.
"OFCA is of the view that the Company's proposed transmissions
standard would render its mobile television service immediately available for reception by an audience of more than 5,000 specified premises in Hong Kong, thereby requiring the Company to obtain a domestic free television program service license and/or a domestic pay television program service license before the commencement of its mobile television operations,'' HKTV said.
Therefore, it expects that "the originally scheduled launch date of its OTT and mobile television services around 1 July 2014 will be postponed."
Trading of shares of HKTV will resume tomorrow, after suspended since this morning.
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