China Cable and Communication (ticker: CCCI.OB), a China-based cable TV operator, is the first foreign company to own and operate a cable
television network in China. More from the company president here. Click continue for more details:
CCCI.OB's cable network currently offers 48
channels in and around Baoding, a city 85 miles south of Beijing. It transmits in both analog and
digital over its fiber optic network and through 22 substations. With its
fiber optic network, the company is capable of transmitting 37 analog
television programs, six digital signals and one FM music program. In
addition to its cable television transmission services, the Baoding network offers
Internet access and value added services, such as broadband Internet access
and on-demand services through its proprietary set-top boxes.
In June 2004, the company entered into an agreement to acquire a 49%
interest in Zhongminjing Technology Development Company. Its
fiber-optic network currently spans more than 20,000 miles, and serves 410
cities, and 23 Chinese provinces.
Using this fiber network the company will expand its service offerings and use the network to deliver its own content, and lease excess bandwidth. Longer-term goals include offering Voice over IP (OTCPK:VOIP) services.
CCCI.OB generated revenue of $3.2 million for the nine months ended September 30, 2004. Revenue included installation and subscription fees, premium digital service fees, and value added services fees from its Baoding joint venture.
CCCI.OB's stock performance: