Mirada Plc (LON:MIRA) has unveiled the first commercial deployment of its complete Iris multiscreen solution in Asia after confirming the signing of a contract with Sky Media Corporation LLC, a subsidiary of Skytel LLC, a leading communications service provider in Mongolia.
The AIM-listed provider of integrated software solutions for Digital TV operators and broadcasters said Skytel has chosen the Iris for a new generation pay-TV service that will deliver a cutting-edge viewing experience across all devices.
READ: Mirada says close to signing contract with leading communications service provider in Mongolia
The company said this new project will be conducted in two phases, with phase one being the roll-out of an over-the-top (OTT) TV solution to enable Skytel customers to watch live, catch-up and on-demand content on their smart-device of choice.
It added that, following the successful launch of phase one, which is expected to occur towards the end of the first-quarter of 2019, Skytel plans to expand its offering of Iris to Internet protocol TV (IPTV) set-top boxes and other connected devices in phase two.
Mirada noted that over the past five years, the total number of internet subscribers in Mongolia has grown by more than 60%, suggesting great potential for Skytel's OTT offering.
It also pointed out that total IPTV subscribers in the Mongolian pay TV market have more than doubled, having increased by 116%, since 2014.
José Luis Vázquez, Mirada’s CEO commented: "It is fantastic to see yet another established operator choose our Iris technology to power their service to subscribers, in what is a new and exciting region for Mirada to enter.
“We are thrilled to announce this latest contract and we look forward to seeing the results of what we are sure will be a long and fruitful partnership with Skytel."
Mirada shares remained suspended on AIM pending publication of their latest results expected in the week beginning December 17.