ManagePay appointed to manage delivery, installation of MyTV’s set-top boxes for B40 group
By Digital News Asia August 15, 2019
- Appointed MyTV’s installer, set-top-boxes to be installed by 31 Aug 2020
- Will only handle set top boxes to be delivered to B40 households
As the Malaysian government is in the process of migrating the country’s broadcasting system from analogue to full digital broadcast in a transition called analogue-switch-off (ASO) by end Sept 2019, ManagePay Systems Bhd has been appointed as an authorised installer to manage the delivery and installation of MyTV Broadcasting Sdn Bhd's customer premises equipment (CPE) for Bantuan Sara Hidup Rakyat (BSHR) recipients.
MyTV is the company responsible to build, operate and manage Malaysia’s DTT service as the Common Integrated Infrastructure Provider for Free-to-Air (FTA) broadcast in the country.
In a filing with Bursa Malaysia, ManagePay’s scope of services as outlined in the letter of appointment (LoA) from MyTV on Aug 9 include identifying qualified BSHR recipients, and delivering and installing of MyTV "Return to Sender" CPE comprising Digital Terrestrial Television (DTT) and Direct-To-Home (DTH) set-top boxes, UHF antenna or satellite dish, RG6 cables and accessories at the respective BSHR recipient houses.
“The Company will receive stock of MyTV CPE and manage stock control at its premise as the risk of the aforesaid equipment is with the Company once the Company receives the CPE from MyTV. The Company shall only deal with the BSHR recipients data to fulfil its obligations under this LOA,” said ManagePay in its Bursa filing.
To experience digital broadcast, viewers will need to connect their current TV and the UHF aerial to a MyTV CPE which consists of either a DVB-T2 or DTT-T2 decoder.
As for the rationale of appointing ManagePay: “The LOA is awarded to the Company with the objective to deliver MyTV’s “Return To Sender” CPE to more qualified BSHR recipients and duly install the CPEs so that more BSHR household will get to enjoy the free 13 TV and 6 FM Radio channels in high quality sound and visuals. In the future, households also can access multiple interactive services via their CPE such as home shopping, video-on-demand, pay TV subscription and Internet services.”
On the financial impact of the project, ManagePay said it will not have any material effect on the earnings per share, net assets per share and gearing of the group. However, it is expected to contribute positively to the Group’s revenue for FY2019.
Citing a news report from Bernama dated April 2, ManagePay said about 1.7 million MyTV set-top boxes (STB) have been delivered to B40 households comprising of 1,651,333 digital terrestrial TV (DTT) decoders and 24,482 direct-to-home (DTH) decoders.
At market close yesterday, the share price of ManagePay was 5% higher at 10 sen valuing the company at RM 74.6 million.