July 4, 2012 – Macau Cable TV announced yesterday its intentions to invest MOP 200 million in the local telecom market. The company issued a report yesterday saying that the money was made available through shareholders investments and bank loans.
The company intends to expand the services using the optical fiber network already installed, and states it’s ready to cooperate “with other local companies,” according to Radio Macau. The report considers 2011 as a “positive year” for Macau Cable TV, although there were no changes towards the public antenna companies that illegally relay copyright-protected channels.
Macau Cable says last years’ results allowed the company to recover from the losses it accumulated on previous years, still amounting to more than MOP 180 million.
Read more: http://www.macaudailytimes.com.mo/macau/36942-macau-cable-tv-plans-to-invest-mop-200-million.html