Digital switchover: Nigeria’s MCI, Korean company close $1b set-top-box deal
Media Concepts International Limited (MCI), a Nigerian TV Set-Top box maker has teamed up with KAON Media, a South Korean tech company to set up a manufacturing plant for the full actualization of the Digital Switch Over (DSO) in Nigeria.
Mr. Babatope Agbeyo, Chairman, Media Concepts International Limited, said Tuesday in Lagos that the “capital-intensive” manufacturing plant is estimated at $1b.
According to him, the manufacturing plant expected to commence operation by 2016 is being established by the Media Concept International (MCI) Limited, a company licensed by Nigerian broadcasting regulator, National Broadcasting Commission (NBC) to make Set-Top boxes in alliance with its South Korean partner, KAON Media.
The Chairman of MCI says the plant can manufacture over three million Set-Top boxes annually and will employ over 1000 Nigerians while also explaining that the Nigerian company’s choice of KAON Media of South Korea was based on “MCI’s extreme cravings for top quality products.”
[blockquote right=”pull-right” cite=”Mr. Emeka Mba, the Director-General of NBC “]According to Mba, for the Nigerian broadcasting industry, the ITU-mandated DSO is a “monumental project, a national project because the entire value chain is involved. Technology is being changed. Nigeria is unique. It is a significant market with 26 million family television homes, some with more than one television set.” [/blockquote]