INNOSON GROUP SIGNS 1 BILLION USD BUSINESS PARTNERSHIP DEAL WITH A CONSORTIUM OF CHINESE INVESTORS
INNOSON GROUP SIGNS 1BILLION USD BUSINESS PARTNERSHIP DEAL WITH A CONSORTIUM OF CHINESE INVESTORS
The Chairman/CEO of Innoson Group Chief Dr Innocent Chukwuma OFR yesterday Oct 24th 2016 signed a strategic business partnership agreement with a consortium of Chinese investors led by Liu Baoju, a Deputy Minister of Communist Party of China in Shandong Province who is equally the Chairman of Shandong Broadcasting Group and Shandong Cable Interactive Service Ltd, the world’s biggest TV operators and Huang Gang, Senior Vice President of Inspur Group and President of its Overseas Headquarters. Inspur Group is China’s leading cloud computer solution supplier and cloud service provider involving all IT applications.
The strategic business partnership agreement will see to the establishment within the next one year, the latest technology and biggest DTH (Direct-To-Home) Digital BING Television Station across all states of Nigeria.
It must be noted that the only available Direct-To-Home (DTH) service currently operating DTH service in Nigeria is owned by a South-African company and is not affordable to the average Nigerian. With the entrance of BING TV an average Nigerian will now have access and watch their popular programs in high definition picture quality with CD quality sound effects.
Furthermore the partnership agreement will see to the establishment of Innoson Digital Set-Top-Box manufacturing complex, the biggest of its kind in the whole of Africa. This will go a long way to assist Nigeria switchover completely from Analogue to Digital Broadcasting.
Innoson would be partnering with Shandong Broadcasting Group and Shandong Cable Interactive Service Ltd China with technical support from Inspur Group Co Ltd, China for this project.