Hunan Company Obtains CNY3.3 Billion Loan For Digitalizing Cable Network

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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 ca...

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