Malaysia’s Astro, TVB Hong Kong to build Chinese Net portal

By Julian Matthews

KUALA LUMPUR–Measat Broadcast Network Systems (MBNS), the operator of Malaysia’s only satellite pay-TV service Astro, and Hong Kong’s Television Broadcasts Ltd (TVB), have set up a joint venture to launch a Chinese-language Internet portal service.

MBNS said it will invest US$30 million for a 30 percent stake in the new company TVB.COM Ltd, which will be incorporated in Hong Kong. Further investment from TVB and external funding is expected to be announced later.

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