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TIME-Stanton JV Signs IPTV on Mobile Pact with Chinese perators

M-VAS to be launched shortly in India by TIME – Stanton JV

New Delhi, March 20th, 2008 - Time Broadband Services Pvt. Ltd. with its joint venture partner - Stanton Technologies Sdn Bhd. today announced the launch of “The World’s First IPTV over 2.5G Mobile Platform to target the estimated USD 4bn mobile IPTV market. The JV also announced signing of contracts with DiGi in Malaysia and China Mobile and China Unicom in China.

Through an exclusive deal with the Chinese government owned entity, TIME - Stantov JV will have access to provide IPTV to over 500 million mobile subscribers in China, the largest in the world.

TBSL, a company recently got funded by Dubai Ventures, the equity investment arm of Dubai Investment Group, a company owned by the ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum. Dubai Ventures played an active role in bringing Stanton and TIME together to form the unique partnership that will enable the JV company to offer a complete IPTV solution, (technology and content) to Global Mobile Telecom Industry.

TBSL is one India’s first company to demsonstrate live IPTV on fixed line telephony. TBSL is an integrated IPTV solution provider with access to content, skilled human resources and requisite digital technology for repurposing content and for providing high end IPTV solutions. Stanton Technologies has a unique compression technology to deliver Mobile IPTV on the existing 2.5G platform and standard handsets. TIME Broadband signed an MoU with the Indian Music Industry to be the License Content Provider for IPTV on various platforms and also empower the TIME – Stanton JV.

Present on the occasion were Sujata Dev, CEO & MD, TIME Broadband Services; Mervin Nevis, CEO, Stanton Technologies, Malaysia; Rajat Jhunjhunwala, MD, Dubai Ventures; D S Rawat, Secretary General, ASSOCHAM; Supran Sen, Secretary General, Producers’ Guild; Shyamal Ghosh, President, IPTV India Forum apart from other guests and dignitaries.

Speaking on the occasion Sujata Dev, CEO & MD, TIME Broadband Services said “TIME-Stanton JV is the stepping stone for global expansion of digitally repurposed Indian and other content for multiplier effect of IPTV, where mobile IPTV is one of the platforms. With continued support from our investor, we are confident that this JV will become one the top mobile IPTV service provider globally.”

Mervin Nevis, CEO, Stanton Technologies, Malaysia expressed, “After our JV with TBSL and Malaysia launch, we have been able to jointly explore the Chinese market with Potevio, which gives us an access to 600 million subscribers of China Mobile and Unicom. We are excited to enter the Indian market through TIME – Stanton JV. We appreciate the effort put in by Dubai Ventures to put this partnership together and have no doubts that together we will be able to bring about a revolution in IPTV experience of mobile consumers globally.”

Millions of fans of famous Bollywood stars like Amitabh Bachan, Kareena Kapoor, Aishwarya Rai and Hrithik Roshan would have a dream service in their hands.

Subscribers can view the latest entertainment news, drama series and special mobisodes from the top studios of Bollywood while on the move. Mobile customers will have in their hand held 2.5G devices, the ultimate mobile entertainment experience through their handheld devices.

Speaking on the occasion, Rajat Jhunjhunwala, MD, Dubai Ventures said, ‘We are happy to work with TBSL and now we have committed adequate resources for TIME - Stanton JV and look forward to work in mutual cooperation for other emerging telecom markets.’

Regarding new ventures, Sujata Dev, CEO & MD, TIME Broadband Services said “TIME – Stanton JV are entering into new ventures in Dubai, Qatar, Hong Kong, Kenya and Algeria as target markets; with the additional support by Dubai Ventures and making initiatives for global promotion of Content Licensing activity. We will be happy to announce the emergence of M-VAS (Mobile Value Added Services) in Indian Telecom with the support of our strategic partners. Many new telecom licensees are already in dialogue with us for an early launch. ”

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