Genex Infosys gets licence to stream live TV

Genex Infosys Ltd, a local information and technology service management company, has recently obtained an Internet Protocol Television (IPTV) licence from the telecom regulator.

An official of the company said the licence will be used to launch IPTV on an online streaming platform from where customers will have to purchase the service for digital entertainment.

Using the licence, the company will develop a Google-certified online video-streaming service along with an android-based application that may offer news and entertainment to customers.

IPTV is the delivery of television content over Internet Protocol networks. This is in contrast to delivery through traditional terrestrial, satellite and cable television formats. Unlike downloaded media, IPTV offers the ability to stream source media continuously. As a result, a client media player can begin playing content almost immediately. This is known as streaming media.

BDCOM Online Ltd pioneered IPTV service in the country in 2019.

Genex Infosys was listed with Dhaka Stock Exchange (DSE) in 2019 and its issue price was Tk10 per share.

In the first half of the current financial year, the company posted revenue of Tk57.74 crore, 36 percent higher than the previous year's proceeds.

During that period, the net profit jumped by 230 percent to Tk19.61 crore and earnings per share to Tk2.09.

The company paid five percent cash and 15 percent stock dividends to its shareholders last financial year.

The closing price per share of the company was Tk54.70 at the DSE on Sunday. The highest price of the company's share was Tk70.80 in the last year.

Out of total shares, the sponsors and directors of the company hold 34.64 percent of the shares while institutional investors hold 28.78 percent and general investors 36.58 percent as of February 29 this year.