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Goldstone Technologies signs MoU with SPL for IPTV services

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MUMBAI: Goldstone Technologies Ltd will be launching the Next Generation IPTV (Internet Protocol Television) services in alliance with SPL Innotech Pte Ltd (SPL).

SPL is a Singapore based company and is the sole company providing complete end-to-end solution for IPTV consisting of head-end equipment, Middleware, Billing, deliver protocols and set top boxes.

Goldstone Technologies and SPL Innotech Pte Ltd signed a Memorandum of Understanding (MoU) on 9 April to provide end-to-end IPTV solutions worldwide with the server stationed at Singapore.

SPL through this MoU agreed to provide complete end-to-end IPTV solutions to Goldstone Technologies apart from granting an exclusive right to market the IPTV products in India.

Goldstone Technologies through this technology caters IPTV solutions to a whopping 18.5 million NRI population spread across the globe including 3.5 million Telugu inhabitants.

The company will be taking up the projects providing end-to-end IPTV and to market exclusively IPTV products in India.

Goldstone Technologies also announced that it will issue 19,00,000 equity shares to Goldstone Exports Ltd and 54,00,000 equity warrants convertible into equity shares of Rs 10 each to M/s Summit Communications Pvt Ltd (27,00,000) and M/s Horizon Television Pvt Ltd (27,00,000) on preferential basis subject to the approval of shareholders for the purpose of redemption of optionally convertible redeemable preference shares (OCRPS) and the repayment of IDBI loan.

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