Syqic Share Discussion Threads

[mistermagoo3] 04/12/2013 08:50

The Group believes that better quality internet connections and increased ownership of internet ready devices is leading to a growing demand by consumers for access to video content over the internet. Additionally, the rapid roll out of 3G and 4G services is leading to increasing demand for mobile video content. A recent industry report found that in some of SyQic's core markets in Southeast Asia, more people own internet enabled phones than any other similar device for accessing the interest such as a desktop pc or a laptop1. Revenues for the OTT internet TV services market in 2013 are anticipated to reach approximately US$9.1 billion, a figure forecast to increase to US$49.8 billion by 2017. By 2016, it is anticipated that the number of individuals who pay to access OTT internet TV programming will have increased to 352.4 million, a figure which is nearly 50% of the worldwide total of pay-TV subscriptions (cable, satellite and IPTV combined).2

Jamal Hassim, Group Chief Executive Officer of SyQic, commented: "SyQic is operating in a fast growth market and the Company is at a pivotal stage in its development with the international roll out of our OTT mobile video streaming platform, Yoonic.

"We are delighted with the high levels of institutional demand for our fundraising and the Board is confident that the Group's proposed admission to AIM on 4 December will support the Company in the next phase of its growth. We look forward to working alongside our existing and new shareholders as we make further progress in this rapidly growing and exciting market."

[mistermagoo3] 04/12/2013 08:50

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

75.19%