TBC is the leading broadcaster in five regions of Taiwan with over 670,000 subscribers, enjoying strong recurring cash flows from its basic cable TV service and driving new growth through value-added services such as digital television, broadband internet and cable telephony.
Acquisition and ownership
An MMG-led consortium announced the acquisition of TBC in December 2005 and achieved final close in May 2006. MMG owns a 60% economic interest in TBC.
On 12 March 2008, MMG entered into an agreement to divest its economic interest in TBC. The sale is subject to regulatory approvals in Taiwan and is expected to complete in the June 2008 quarter.
TBC's business
TBC is one of the four leading television operators in Taiwan, which is the fourth largest cable television market by revenue in Asia. Established in 1999, TBC owns an interest in five cable networks located in northern and central Taiwan. It is the sole licensee and provider of cable television services in these regions.
TBC’s core business is the provision of basic television services and it is the key broadcaster as well as a primary source of local news in each of its licence areas. It also offers value-added services such as cable telephony, broadband internet and digital television programming, providing viewers with improved picture and sound quality and extra channels.
These services represent significant opportunities for growth and enable TBC to become a key provider of integrated entertainment and communications services to the 1.0 million homes reached by its cable network.
Other revenues are derived from installation, news, channel leasing and advertising services.
