Korea’s IPTV firms sign $173m Peruvian deal

Korea Digital Media Industry Association has revealed that Korea’s consortium of IPTV firms had signed a $173 million contract with its Peruvian counterpart to establish an education system utilising IPTV technology in Peru. Korea will be paid in minerals, including copper, zinc and molybdenum.

In the first phase of the project by 2010, the Korean consortium will construct IPTV networks extending 300 km while connecting a million households in its capital Lima and neighboring areas, and establish a broadcasting center. In the second phase, more IPTV facilities and infrastructure will be constructed to connect Lima and four other cities stretching 2,200 km.

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