The landscape for digital television in Latin America is changing fast. With the majority of regions including Brazil, Argentina, Peru, Chile and Venezuela preparing for the digital switchover, Latin America could leapfrog more developed digital TV markets despite being late to the party. Unlike many European telecoms providers that are hampered by legacy technologies in the field, Latin American telecom providers and device manufacturers could be in a position to offer more advanced over-the-top services that make use of broadcast and IP domains, from the start. By starting from green fields, Latin America will benefit from a less disparate and confused television environment as telecom operators, manufacturers and media content providers can work together from the beginning to form the industry.
We have now entered a new stage in which major players are showing an increased interest in our capabilities. The Company is an advanced negotiations with other potential customers, and we expect to announce new deals after the summer break.
References are key in this market and we are now winning really important ones."
This has been a transformational period for the Group, in which we have proven our ability to deliver on top-level deals.
Despite dedicating significant resources to the trial that led to this flagship contract win, we generated an operating profit for the year, recorded an increase in our adjusted EBITDA
Certainly all the ingredients are all there for it to be.
Wonder how big the contracts being negotiated are. Anyone know what the eps is once the tier 1 contract has been factored in, must be low, I see share profits did an article stating a 30p target off the back of this contract, so if more do follow I wonder what the new target would be?
Todays results show a swing into profit even before the tier 1 contract revenues kick in, of which 90 odd % is profit I think, the placing has strengthened the balance sheet to deliver on this and negotiate other contracts, which we are now told are in advanced stages with news due. Last time contract win was announced this went from 10p to 18p. With the money raised and profits coming in in H2 there should be nothing to pull it back this time. Wonder when their summer break ends, mine ends tomorrow!
They have already secured the tier 1 contract and are using that as a point of reference to secure others, as announced today they are hoping to announce further contracts at the end of their summer break, which I guess could be quite soon. This was the announcement for the tier 1 win.
mirada plc, the AIM-quoted audio-visual interaction specialist (AIM: MIRA), is delighted to announce that it has secured a major contract for its multiscreen product, iris, with a large established Latin American digital TV operator. This contract follows the successful USD $1.4 million trial previously announced on 7 November 2013.
The Company expects the customer to start the commercial roll out before the end of 2014. The contract is expected to generate significant revenues, starting in the second half of the financial year, which the Directors believe should far exceed mirada's yearly turnover over the next three to five years.
The customer has an installed subscriber base of several million users, which will be targeted as mirada aims to grow its subscriber-based licence fees.
The Directors believe that winning this multi-million dollar contract will further strengthen mirada's reputation in the industry, particularly in South America, and serve a as reference point for discussions with other broadcasters and operators.
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