Replies to post #21878 on ~EDWARD $TEVEN$ON EXPRE$$~

[alexindef]

CABL - news

Wednesday, November 11 2009 8:15 AM, EST China Cablecom Announces Broadband Development Agreement With Hubei Unicom PR Newswire    "US Press Releases "

SHANGHAI , Nov. 11 /PRNewswire-FirstCall/ -- China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (Nasdaq: CABL) (Nasdaq: CABLW) (Nasdaq: CABLU), a joint-venture provider of cable television services in the People's Republic of China (PRC), announced a series of broadband development agreements between 7 of its joint venture subsidiaries and Hubei Unicom, a provincial subsidiary of China Unicom , for its broadband development network in the Hubei province.


The broadband development agreements are follow-on executions of a strategic alliance framework agreement between Hubei Unicom and Hubei General Radio & Television Stations, the major shareholder of the Hubei SOE ( Hubei Chutian Radio & Television Information Network Co., Ltd. ) which occurred in early October. Pursuant to the agreement, both companies will participate in developing broadband capabilities as Hubei General Radio & Television Stations will contribute its content sources to develop 3G mobile phone and internet services in collaboration with Hubei Unicom.


This agreement ensures unlimited access to broadband bandwidth, significant enhancement of network reliability, strong customer service platform and scalability of connection services within the Hubei regions. As of today, 7 of the Company's 23 cable networks, representing over half of Hubei's total subscriber base, have secured such agreements.


"We believe that the timing of this partnership is exceptional as we continue to grow and establish a solid footprint in the world's largest broadband and television market by measure of subscribers. Broadband services have created opportunities for the Company to expand our service portfolio and contribute to our rapid ARPU growth. We view this as a long-term partnership with one of the most successful service providers in China ," says Pu Yue, Chief Executive Officer of China Cablecom Holdings . "As a result, we believe that China Cablecom is receiving more favorable purchasing power in broadband bandwidth on a wider scale and will be expected to build efficiencies implemented by Hubei Unicom's customer management, billing and service system for its broadband customers."