News

3Novices:White knights ride to i-Cable’s rescue with plans for expansion

Troubled pay-television provider i-Cable Communications has been rescued by a consortium of white knights led by property tycoon David Chiu Tat-cheong, who plan to use the broadcaster as a foundation on which to build a new media company.
In a statement late on Thursday, Forever Top said it had agreed on a deal with i-Cable’s parent, Wharf (Holdings), for an equity injection of HK$1 billion to strengthen the broadcaster’s financial position.
Hong Kong pay TV broadcaster i-Cable…
April 20, 2017 at 10:05PM http://ift.tt/2o8gHhQ
#3Novices #News #OnlineMedia #China 3Novices China

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