With the signing of the two strategic business agreements, China Wi-Max Communications, Inc. (OTC:CHWM) is in a state to exploit its fiber assets and wireless frequencies and generate considerable profits streams in the future.
The first agreement has been signed with China CTV Television Network Center (CTVN) with an objective to develop fiber optical networks nationally. This would help deliver Digital TV and other value added services throughout China. Multimedia “three screen” experience to TV, web and mobile devices would be among the preliminary service.
The content would be voluntarily available to CTVN’s Chinese subscriber base of 200,000,000 people via 200 TV stations across China.
Shares of CHMW jumped as much as 0.0072 (124.14%) to $0.0130 on over 13.72 million shares, compared to its average volume of 952K shares. The company has market capitalization of $838K.
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