Summary by Moomoo AI
Broadcast Data Limited (“Broadcast Data”) announced that it has signed a Memorandum of Understanding with two Philippine Government Disciplinary Service agencies that will provide the Philippines with satellite and ground-based integrated urban broadband Internet construction and a national government emergency broadcasting and disaster warning system. This cooperation is further developed after the signing of a service cooperation agreement with Smart Citi Teknologi on February 7, 2013, signifying that broadcast data is expected to sign a long-term commercial agreement with the Philippine government and become an important partner in the Philippines' national digitization program after successful concept verification. The company's chairman, Huang Qiu Chi, said that this move provided a good opportunity for broadcast data to enter the ASEAN market and help promote the development of modern network facilities in the Philippines. The announcement date is 2 January 2014.