Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
• Mobile Money Transfer World Conference 2009 @ New Delhi - 2009/07/28
• APNIC 28 @ Beijing - 2009/08/24
• Social Networking World Forum Asia @ Singapore - 2009/09/22
• Optical Transmission Vision APAC @ Singapore - 2009/10/19
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
Hunan Company Obtains CNY3.3 Billion Loan For Digitalizing Cable Network
June 25, 2008 |
Print
| 
Email
| Category: Telecom & Wireless
Hunan Cable Television Network (Group) Holding Co., Ltd, an affiliate of Hunan Broadcast & TV Media Corp, has obtained a combined CNY3.3 billion loan from China Development Bank, China Construction Bank Hunan Branch and Bank of China Hunan Branch for renovating and digitalizing the cable television network throughout Hunan Province.
The Hunan cable television digitalization project mainly covers five aspects of providing free set-top boxes to 4.3 million cable TV users of Hunan province; constructing one comprehensive service integration platform; building 15 city-level management systems; setting up 88 county-level sub-forefront terminal systems; and upgrading and renovating the 6000 kilometers of radio and broadcasting backbone network.
According to a feasibility report released by Hunan Broadcast & TV Media Corp, the company's cable network business is expected to see an annual increase of business revenue of CNY1.514 billion and annual profit increase of CNY316 million after the network conversion.
HCTNHC signed the 15-year loan agreement, which is reportedly the largest long-term loan ever granted to a Chinese domestic cultural enterprise, with the three banks on June 20. The interest rate of the loan will be the same with that of the People's Bank of China's normal interest rate and it will not float upward subject to market changes.
Recommend this page: 
Loading ...Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China
Copyright 1999-2009 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from BDL Media. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 