Mirada deploys content navigation tool to Mexican pay TV service

AIM-listed audio-visual interaction specialist Mirada has announced the deployment of its content navigation tool Navi to a new Pay TV service.

AIM-listed audio-visual interaction specialist Mirada has announced the deployment of its content navigation tool Navi to a new Pay TV service.

The company, which has a market capitalisation of £4.26m, announced that AXTEL, a large telecommunications provider in Mexico, had launched an interactive TV offering which would be using Mirada's Navi tool via Mirada's partnership agreement with Ericcson.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

Under the arrangement with Ericsson, in addition to the set-up fees already received, Mirada will earn licence fees dependent on the number of subscribers signing up to the service plus annual support and maintenance fees from the date of launch of the service, the company update detailed.

Jos Luis Vzquez, Chief Executive Officer of Mirada, commented: "We are very proud to have participated in this project, which demonstrates once again, our capability to introduce innovative products helping users to interact with their digital TV offering.

Advertisement
Advertisement - Article continues below

"This is our second live service under partnership with Ericsson, the first was GVT in Brazil, and the new subscribers will add to the monthly licence fees we are already earning from our existing Navi and Iris deployments."

Jenaro Martnez, AXTEL TV Director, commented: "The launch of AXTEL TV marks AXTELs first steps in the Pay TV market and we are confident that with our investment in Miradas novel hybrid services, AXTEL will quickly become one of the leaders of the Mexican digital television market. Our customers can now access their favourite programs with an easy-to-use and intuitive user interface."

MF

Advertisement

Recommended

Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020
Visit/investments/stocks-and-shares/share-tips/600636/class-acts-going-cheap-buy-into-europes-best
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020

Most Popular

Visit/investments/property/601065/what-does-the-coronavirus-crisis-mean-for-uk-house-prices
Property

What does the coronavirus crisis mean for UK house prices?

With the whole country in lockdown, the UK property market is closed for business. John Stepek looks at what that means for UK house prices, housebuil…
27 Mar 2020
Visit/economy/eu-economy/601060/the-european-central-bank-throws-away-the-rulebook-to-bail-out-italy
EU Economy

The European Central Bank throws away the rulebook to bail out Italy

The ECB has removed all constraints on asset purchases and will now buy “whatever it takes” to tackle the coronavirus. John Stepek explains what it me…
26 Mar 2020
Visit/investments/commodities/gold/601037/gold-is-on-a-wild-ride-so-should-you-be-buying
Gold

Gold is hard to find right now – so should you be buying?

With demand through the roof and the physical metal hard to find, it's not the best time to buy gold. But right now, says Dominic Frisby, you want to …
25 Mar 2020
Visit/economy/uk-economy/601063/the-uks-bailout-of-the-self-employed-comes-with-a-hidden-catch
UK Economy

The UK’s bailout of the self employed comes with a hidden catch

The chancellor’s £6.5bn bailout of the self employed is welcome. But it has hidden benefits for the taxman, says Merryn Somerset Webb.
27 Mar 2020