(Press Release) Port-au-Prince, Haiti – Leopard Capital announced it has invested US$2.5m to become a minority equity shareholder in Digital Satellite Systems, the owner and operator of one of Haiti’s leading pay television services, NUtv.
Leopard Capital’s investment in NUtv will be made through Leopard Haiti Fund LP (“LHF”). LHF’s investment will help NUtv enhance its existing network and expand its coverage to many areas in Haiti that cannot currently access a broad range of television programs.
The broader rollout of NUtv in Haiti will support Haiti’s transition from analog to digital television, a step in bridging the digital divide. NUtv uses the latest-generation digital broadcasting standard, DVB-T2, which originated in Europe and is becoming increasingly popular around the world.
Mr. Douglas Clayton, Chief Executive Officer of Leopard Capital, commented: “We are impressed with NUtv’s advanced technology and capable management team. We look forward to helping NUtv bring affordable world-class television programming to households throughout Haiti.”
Mr. Patrice Pezat, the Chief Executive Officer of NUtv, added: “We have the best technology to revolutionize the television industry and are pleased to have a strong financial and strategic partner behind us. The Haitian market will be able to enjoy the best content at an affordable price with our prepaid solution.”
Digital Satellite System SA launched NUtv in Haiti in August 2012 as the country’s first prepaid television service offering an affordable set up price and programing package. NUtv provides Pay TV services (116 channels) using a wireless technology called Digital Video Broadcasting – Second Generation Terrestrial (“DVB-T2“), which has become popular in Europe and many emerging markets. Licensed television content is broadcast by NUtv through Digicel’s cellular towers to set-top boxes connected to televisions in customers’ homes. The system offers an affordable HDTV alternative to satellite and traditional cable TV. NUtv’s DVB-T2 technology is particularly well suited to Haiti’s rugged terrain, because it allows portable reception both in densely populated urban neighborhoods and in remote, rural areas.