Broadcaster i-Cable Communications (1097) hopes its cable TV business will break even in two to three years, sources at the shareholders' meeting said yesterday.
One shareholder said chairman David Chiu told shareholders the company will have HK$80 million income annually after its partnership with China Mobile Hong Kong, adding it will reduce operating expenses. The partnership may allow i-Cable to make its content available in the mainland, and the deal is expected to be for 20 years, and could be extended for another five years, the company has said.
Chiu said it will provide CMHK with a large fixed telecom platform for quality programs. Meanwhile, CMHK will build a fiber-optic network to increase its market share in home broadband, while building the infrastructure for a 5G mobile communication network.