State Micro Technology Corporation (SMiT) has supplied a new secure Conax chipset pairing Conditional Access Module (CAM) to the Russian cable operator ER-Telecom.
The Russian cable operator ER-Telecom has launched a new on demand service.
Baring Vostok Capital Partners (BVCP) has agreed to acquire a 10% stake in ER-Telecom, one of the leading cable operators in Russia, for an undisclosed fee.
The number of broadband subscribers in Russia grew by 5.5% to 15.7 million in the second quarter, according to data produced by IKS-consulting and published by ER-Telecom, one of the country’s leading cable operators.
The Russian cable operator ER-Telecom may shortly find a new investor.
The Russian cable operator ER-Telecom has posted a net profit of R339 million (€8.13 million) for 2009, as opposed to a loss of R970 million a year earlier.
ER-Telecom plans to become the leading cable operator in Russia by 2014, according to its CEO Andrei Senerikov.
The Russian cable operator ER-Telecom ended 2009 with 2 million subscribers to its services, or 1.3 times more than a year earlier.
Russia may be about to see significant consolidation in its regional cable networks.
The Russian cable operator ER Telecom plans to end this year with up to 1 million broadband internet subscribers in the 17 cities it is present in.