TIDMMIRA
RNS Number : 8181J
Mirada PLC
07 December 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
7 December 2018
Mirada plc
("Mirada", the "Company" or the "Group")
New contract win
Mirada plc (AIM: MIRA), a leading provider of integrated
software solutions for Digital TV operators and broadcasters, is
pleased to announce the signing of a new contract for its Iris
multiscreen product.
The contract is with Sky Media Corporation LLC, a subsidiary of
Skytel LLC ("Skytel"), a leading communications service provider in
Mongolia. Skytel has chosen Mirada's Iris multiscreen solution for
a new generation pay-TV service that will deliver a cutting-edge
viewing experience across all devices, helping to gain new and
retain existing subscribers.
This new project will be conducted in two phases. Phase one will
be the roll-out of an OTT TV solution to enable Skytel customers to
watch live, catch-up and on-demand content on their smart-device of
choice, including laptops, iOS and Android smartphones and tablets.
This viewing experience will be seamlessly provided through
Mirada's state-of-the-art Inspire user interface. Subscribers will
also benefit from cutting-edge features including multiscreen
viewing, the ability to pause viewing on one device and resume
viewing on another, cloud DVR (digital video recorder) and more.
These features will all be managed by Mirada's cloud-based back-end
platform, Iris SDP.
Following the successful launch of phase one, which is expected
to occur towards the end of Q1 2019, Skytel plans to expand its
offering of Iris to Internet protocol (IP) set-top boxes and other
connected devices in phase two.
This is the first commercial deployment of the complete Iris
multiscreen solution in Asia, establishing a valuable product
reference for Iris in the region and further demonstrating Mirada's
ability to deliver a complex solution across a leading IPTV
provider's network.
Over the past five years, the total number of internet
subscribers in Mongolia has grown by more than 60%, suggesting
great potential for Skytel's over-the-top (OTT) offering. Total
IPTV subscribers in the Mongolian pay TV market have more than
doubled, having increased by 116%, since 2014.
Narantuya Dash, CEO of Skytel LLC, commented: "Mongolian
digitalisation and the ICT sector are in a rapid development stage
and the key players have been engaging in a quad-play strategy in
recent years. Skytel has established telecom subscribers and decent
success in the IPTV business, so deploying the OTT service to
telecom and household subscribers will bring our business to the
next level. We seek for the best of the best, and I'm so glad to
announce that after a careful selection process we have concluded
to work with Mirada as our OTT solution provider. We are sure that
this partnership will lead to definite success and a world class
product and service to customers."
Jose Luis Va zquez, CEO of Mirada plc, commented: "It is
fantastic to see yet another established operator choose our Iris
technology to power their service to subscribers, in what is a new
and exciting region for Mirada to enter. We are thrilled to
announce this latest contract and we look forward to seeing the
results of what we are sure will be a long and fruitful partnership
with Skytel."
Enquiries:
Mirada plc
José Luis Vázquez, +44 (0) 207 868 2104
Chief Executive Officer investors@mirada.tv
Gonzalo Babío, Finance
Director
+44 (0) 20 7680 6550
Newgate Communications mirada@newgatecomms.com
Bob Huxford
Tom Carnegie
+44 (0) 20 3328 5656
Allenby Capital Limited
(Nominated Adviser and Broker)
Jeremy Porter / Alex Brearley
/ Liz Kirchner
About Mirada
Mirada is a leading provider of products and services for
Digital TV Operators and Broadcasters. Founded in 2000 and led by
CEO José Luis Vázquez, the Company prides itself on having spent
almost 20 years as a pioneer in the Digital TV market. Mirada's
core focus is on the ever-growing demand for TV Everywhere for
which it offers a complete suite of end- to-end modular products
across multiple devices, all with innovative state-of-the-art UI
designs.
Mirada's products and solutions, acclaimed for unparalleled
flexibility and optimal time to market, have been deployed by some
of the biggest names in digital media and broadcasting including
Televisa, Telefonica, Sky, Virgin Media, BBC, ITV and France
Telecom. Headquartered in London, Mirada has commercial
representation across Europe, Latin America and Southeast Asia and
operates technology centres in the UK, Spain and Mexico. For more
information, visit www.mirada.tv
About Skytel LLC
Skytel LLC, based in Ulaanbaatar, Mongolia, established in 1999,
provides mobile telecommunication services, mobile broadband
services, IPTV, triple services, which include flexible packages,
data-center service, and software. Skytel LLC is the fastest
evolving company that offers both mobile and fixed of products for
individual users, organizations, and households.
Technical Glossary
Over-the-top (OTT): Delivery of TV content via the internet,
without requiring users to subscribe to a traditional cable or
satellite pay TV service. Traditional pay TV operators incorporate
OTT services into their commercial offering in order to compete
with pure OTT services, such as Netflix, Hulu or Amazon Prime
Video.
Internet Protocol Television (IPTV): A service that provides
television programming and other video content using the TCP/IP
protocol suite as opposed to traditional cable or satellite
signals.
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END
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