Select-TV, a Kuala Lumpur, Malaysia-based provider of IPTV technologies to the hospitality and home markets, has agreed to receive an investment of undisclosed amount from Intel Capital and the MAVCAP fund.
As also stated by Select-TV CFO Chin Fung Wei, the capital infusion, which is still subject to the satisfaction of customary conditions, would allow the company “to embark in large-scale projects, especially for home IPTV deployments, and invest in strategic markets”.
Select-TV provides end-to-end systems and content solutions for IPTV deployment serving the hospitality and home markets. The company’s technologies converge internet content and service, communication capabilities and digital entertainment. Clients include prestigious hotels, hospitals and telecommunication operators.
Malaysia Venture Capital Management Berhad (MAVCAP) is the government-owned venture capital fund.