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Firms explain need to broaden TV coverage

By Clarkson Voke Eberu
20 July 2022   |   2:47 am
LGC Media Limited, an affiliate of Leadership and Governance Canada, and an indigenous firm, HOL Greenfield Nigeria Limited, have launched LGC Internet Protocol Television (IPTV) into the Nigerian pay TV market.

Internet Router. Source: Techradar

LGC Media Limited, an affiliate of Leadership and Governance Canada, and an indigenous firm, HOL Greenfield Nigeria Limited, have launched LGC Internet Protocol Television (IPTV) into the Nigerian pay TV market.

 
During the formal launch of the smart box in Lagos, the organisations said the carriable facility works everywhere without an antenna provided WiFi or Internet is available. They added that the smart box has 1,500 exciting channels and 400 inbuilt movies.
 
In a chat with the Chief Executive Officer (CEO) of HOL Greenfield Nigeria Limited, the national dealer of the new product, Emmanuel Akhigbe Agge, said: “The LGC IPTV smart box is a product for every home and business space. It is weather-friendly, easy to install without any antenna, and with about 1,500 globally all-encompassing channels.
 
“LGC Media Limited and its technology partner have done very well by exposing LGC IPTV to the Nigerian market after a thorough study which started in 2016, with the aim of understanding why some previous products failed and how it could serve our homes, offices, youths and public venues better.”
 
Also speaking, the CEO, LGC Media Limited, Kola Esomojumi, submitted: “The introduction of LGC IPTV into the Nigerian market is significant, as it brings the fresh, superior and alternative platform to the delivery and management of television content.
 
“LGC IPTV is a creation and Foreign Direct Investment (FDI) from Nigerians in Diaspora – Leadership and Governance Canada Incorporated in partnership with FNIK Media Incorporated. It is in response to the clarion call by President Muhammadu Buhari on Nigerians in Diaspora to support the economic initiative of the Federal Government by mobilising FDI to the country.”
 
He continued: “The Nigerian company promoting the IPTV is poised to change the way viewers across Nigeria and Africa consume content by making it more affordable and easily accessible via our custom-design android technology.
 
“IPTV is the method of transmitting and broadcasting television programmes through the Internet using the Internet protocol (IP). It is a secure and reliable delivery to subscribers of entertainment videos and related services, which include live TV programmes, Video On Demand (VOD) and Interactive TV (iTV).
 
“IPTV provides the user with innovative features to improve user experience compared to TV broadcasting such as radio, satellite and/or cable TV. The Internet traffic generated by this innovation across the globe has been on the increase. It might interest you to know that the IPTV market size was about $118.67 billion as at February 2022 and is projected to grow to $221.80 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.9 per cent.”

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