Sezmi, which offers up a combination over-the-air and online video product in the U.S., will reportedly power a new video service being offered up by Malaysian telco YTL Communications. According to local Malaysian news organization The Star Online, the new service will enable YTL to quickly deploy video services without having to invest heavily in rolling out a local cable plant in Malaysia.
YTL recently built out a 4G WiMAX network in Malaysia, which cost some 2.5 billion MYR ($802.6 million) to deploy. According to The Star Online, YTL will spend an additional 1 billion MYR to 2 billion MYR to roll out digital TV on its network to TV screens, computers and via mobile screens. As part of the deal, YTL will also reportedly take a 20 percent stake in Sezmi.
Sezmi offers a video service alternative to cable in 36 markets throughout the U.S. The startup sells a hardware package for $149 that includes an over-the-air receiver and online video set-top box to deliver on-demand video from a variety of content partners. For $4.99 a month, users can access live, linear broadcast TV programming over the air, along with on-demand over-the-top content available in an ad-supported or pay-per-view model.
Sezmi raised $17.3 million in a round of financing disclosed to the SEC last month. That round of financing came less than a year after it raised $25 million and launched its initial trial of services in Los Angeles.
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