Optibase (OBAS) CEO comments on IPTV and China (Q1 2005 conf call quotes)

May.16.05 | About: Optibase Ltd. (OBAS)

Optibase (ticker: OBAS) provides advanced digital video solutions and encoders that enable IPTV. Here are key quotes about the prospects for IPTV and its status in China from CEO Uzi Breier on the company's Q1 2005 conference call:

On Q1 Results

....Our first quarter results showed….continued expansion of our IPTV business.

On IPTV Market Projections

....According to a recent report from MRG research, the number of global IPTV subscribers is projected to increase from merely 1.9 million in 2004 to 25.3 million in 2008, a compound annual growth rate of 79%. In this same report, MRG dubbed 2005 as the year of IPTV.

....According to MRG, the number of DSL subscribers is expected to increase appreciably during the next several years, from approximately 64 million in 2003 to over 200 million in 2008. These, together with the increase in fiberoptic subscribers, will be the primary drivers behind further growth in the induction of IPTV.

On IPTV and China

....In China, we see now an opportunity, this is still no official legislation, it is not allowed yet, the regulator, but it seems that the pressure from the large telco, UNICOM and China telecom, they are pushing the government and that will probably happen soon, but talking about market share, I think overall, we are gathering a few other players, are grabbing the bulk of this market in this region.

(Quotes are from the CCBN StreetEvents transcript.)