Nilamas to Offer Digital Cable TV in 2012

Nilamas to Offer Digital Cable TV in 2012

Newcomer Nilamas Corp Sdn Bhd has secured all the requisite licences from the Government to offer digital cable TV in the country and it is targeting the launch of its offering in the second quarter of 2012.

Nilamas will compete in the pay-TV space, which has Astro All Asia Networks plc’s (Astro) and several IPTV providers includingTelekom Malaysia Bhd (TM).

The set up cost for the cable network offering is expected to be more than RM2bil over a five-year period and Nilamas, according to sources is looking at a 40:60 equity-debt combination to fund its venture.

The company has invested in a building in Puchong which will house its broadcasting centre.

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