To: John Rieman who wrote (43921 ) 8/18/1999 2:17:00 PM From: BillyG Respond to of 50808
Cathay Online eyes settop box Internet access for China technologypost.com NEWSBYTES New York-based CathayOnline Inc, which recently acquired an Internet access provider in China's Sichuan province, has announced plans to begin offering set-top box-based Internet services to users without personal computers. The new service is the latest such venture to be announced for China, where personal computer penetration in homes is still very low. MyWeb Inc.com began shipping its set top boxes to Beijing Telecom earlier this year after the telecommunications operator ordered 200,000 of the units. Other companies planning services include Microsoft Corp, which earlier this year announced a deal amid much fanfare with China Telecom, and WorldGate Communications Inc, which announced in June that it signed a deal with Hunan Posts and Telecommunications Administration (PTA) to deploy its service that allows consumers to access the Internet via television sets. Announcing its plans for expansion into the retail market with set-top box-based Internet services, the company said it, "views the Internet TopBox as a key tool in targeting the massive home Internet market". The company recently acquired Sichuan CathayOnline Technologies Information, a Chengdu-based Internet service provider. Chinese law prevents foreign companies from holding ISP licences so CathayOnline's Sichuan service operates under a licence held by Chengdu Torch Industrial & Commercial General. In return, it provides 20 per cent of earnings to Chengdu Torch. Copyright (c) Post-Newsweek Business Information, Inc. All rights reserved.