02 Secure Wireless, Inc. (OTOW)

[3JM]

O2 Wireless to deliver IPTV over wireless broadband in South America
Gabriel Miramar-Garcia | 19-09-2012
O2 Secure Wireless is planning to support a triple play of IPTV, broadband and voice over wireless broadband service for a cable MSO in South America, taking an ownership stake in the pay-TV provider while it's at it.

The operator is not yet named, but O2 Secure Wireless said that it would be taking a controlling interest in the company once due diligence is completed. The immediate company goal would be to expand current services, which includes the immediate provisioning of an IPTV platform.
A final agreement is expected to be signed in December, following a thorough legal review the company legal resources.
"We welcome this opportunity to collaborate with this company and thereby expand our product offering and geographic coverage in the promising international market for cable, Internet and telephone service," said Val Kazia, CEO of O2 Secure Wireless, in a statement. "This company not only has an established reputation and strong existing consumer base, it has forward-thinking management and up-to-date core infrastructure services. We are confident that the new arrangement will bring significant benefits for both parties and ultimately establish a solid presence in the territory for us."
The name of the provider will be revealed at the close of the due diligence process.


Read more: O2 Wireless to deliver IPTV over wireless broadband in South America | Rapid TV News http://www.rapidtvnews.com/index.php/2012091924131/o2-wireless-to-deliver-iptv-over-wireless-broadband-in-south-america.html#ixzz26ueTlPO4