Business Update3 Sept 2026, 06:50 pm
Sea TV Network Closes Cable Business Operations
AI Summary
Sea TV Network Limited's Board of Directors has approved the closure of its cable business operations, citing commercial non-viability and increasing operational challenges. The company will also surrender its Digital Addressable System (DAS) license. This closure is considered to have an insignificant portion of the company's overall operations and is not expected to have a material adverse effect. The move aligns with the company's strategic realignment to focus on its core business areas. The cable business contributed nil revenue in FY 2025-26, and the closure process is estimated to be completed by December 31, 2026.
Key Highlights
- Sea TV Network to close its cable business operations.
- DAS license to be surrendered due to commercial non-viability.
- Closure has no material adverse effect on company operations.
- Cable business contributed nil revenue in FY 2025-26.
- Focus to shift towards core business areas.
Price Impact
More from SEATV