Quiptel Hong Kong agrees terms of sale with Falcon
July 26, 2016
Orbital Multi Media Holdings Corporation and its wholly owned subsidiary, Quiptel Hong Kong Limited, an OTT Video Streaming Technology, has agreed terms and entered into exclusive discussions to sell 100 per cent of the group to Falcon Acquisitions, the LSE listed investment company which is strategically focused on investments in the OTT market.
Sandip Sarda, Chief Executive Officer of Quiptel HK Ltd, commented: “We are delighted to have agreed terms with Falcon Acquisitions at this stage of our exciting growth; the global OTT market has exploded in recent years, and we find that our vision and experience strongly resonates with the strategic objectives of Falcon Acquisitions and we look forward to working with Gert Rieder and his team to build a truly innovative global OTT broadcast platform business”.