KUALA LUMPUR: Calling IPTV a killer application that will drive real high-speed broadband adoption around the world, Intel Capital has made only its third investment into a South-east Asian company.
Malaysian based regional IPTV player Select TV Sdn Bhd is believed to have received an investment in the region of RM10 million to RM15 million with Intel Capital taking a stake of around 30%.
Venture capital firms do not publicly reveal the amount of money and stake taken in their deals.
CEO of Select-TV, CS Goh believes the deal positions his company as the leading end to-end PTV solution provider in Asia.
'It was a tough deal to clinch but it will open doors for us and add to our future valuation as we rapidly scale the business,' he said on Wednesday, Nov 17.
A priority for Select-TV will now be on top line growth instead of being solely focused on the bottom-line.
Select-TV will now embark on large scale projects, especially for home IPTV deployments and invest in strategic markets to ensure long term growth.
In an interview with netv@lue2.0 published on Aug 23, Goh expected to hit RM40 million in revenue for 2010.
Malaysian based regional IPTV player Select TV Sdn Bhd is believed to have received an investment in the region of RM10 million to RM15 million with Intel Capital taking a stake of around 30%.
Venture capital firms do not publicly reveal the amount of money and stake taken in their deals.
CEO of Select-TV, CS Goh believes the deal positions his company as the leading end to-end PTV solution provider in Asia.
'It was a tough deal to clinch but it will open doors for us and add to our future valuation as we rapidly scale the business,' he said on Wednesday, Nov 17.
A priority for Select-TV will now be on top line growth instead of being solely focused on the bottom-line.
Select-TV will now embark on large scale projects, especially for home IPTV deployments and invest in strategic markets to ensure long term growth.
In an interview with netv@lue2.0 published on Aug 23, Goh expected to hit RM40 million in revenue for 2010.
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