Cyber Cloud, China Digital TV Unit Signs Capital Increase Deal With Beijing Gehua

A provider of conditional access systems and comprehensive services to China’s, China Digital TV Holding Co. Ltd. is expanding digital television market, announced that Cyber Cloud, an unit of China Digital TV, has reached a capital increase agreement with Beijing Gehua CATV Network Co., Ltd., one of the leading cable TV operators in China.

The deal is supplementary to the strategic partnership agreement between China Digital TV and Gehua announced on April 16, 2014, in which the companies agreed to establish a strategic partnership on cloud computing technology and related businesses, and to enter into an equity investment agreement.

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