Russian-based international investment and industry holding company, the GS Group has announced the sale of its controlling stake of One TV, Cambodia´s first pay-DTT project, to its holding company partner, The Royal Group of Companies (Kingdom of Cambodia). With the sale, GS Group says it has successfully overseen the project’s investment cycle.
One TV, the first national operator of pay-DTT television of Cambodia, was launched in 2012 and offers 80 digital channels to viewers in 11 Cambodian provinces, reaching 70 per cent of the country’s residents.
According to Sergey Dolgopolsky, PR, GR and IR director, Foreign Broadcasting Projects Department, GS Group, “The GS Group’s first international DTT project, One TV, is an example of implementing a Pay TV project based on the national digital terrestrial broadcasting and addressing the national-level issues by privately held company. We are satisfied with the first successful experience of investing in such projects overseas, as a result the holding company has developed the necessary highly rated business competencies in TV broadcasting project management. Our short-term plans include focusing our financial and other resources on launching priority projects in other markets. GS Group is interested in Pay TV markets where there is a significant demand for high quality TV broadcasting at an affordable price, such as Bangladesh, Pakistan and a number of other countries.”