The broadcast industry is in a unique position to usher in a new era of television.”Digitalisation of terrestrial TVBut what exactly is Green Packet’s television play? This ATV deal falls under Green Packet’s media business which encompasses both the supply of media equipment and delivering of media content on various platforms. Tan says the media business will be one of the company’s new focus areas as it completes its offerings in the technology, media and telecommunication space. As part of the deal, TM had agreed to subscribe to RM187mil of Green Packet’s issued redeemable exchangeable bonds. Based on Green Packet’s latest balance sheet, it has cash and cash equivalents amounting to some RM49mil with long-term borrowings of RM230mil.

Source: The Star December 22, 2017 23:15 UTC