Mirada wins new five-year contract with Bolivian pay TV operator

AIM-listed Mirada has announced a new five-year contract for its Iris multiscreen solution with Bolivian pay TV operator and broadband services provider, Digital TV Cable.

Under the contract, which Mirada said was "significant", it will deploy its entire suite of Iris multiscreen products, including its over-the-top platform and back-end application, Iris SDP, across Digital TV Cable's network. A gradual roll-out is planned over five years, with a target of up to nearly one million devices.

According to reports from Pyramid Research and Marktforschung, Bolivia is the fastest-growing telecoms market in Latin America with total telecom revenues expected to reach $1.5bn in 2019. The country's pay TV household penetration rate is predicted to grow from 10.9% in 2014 to 27.1% by 2019.

Chief executive officer Jose Luis Vazquez said: "This represents the second new contract win for Mirada in less than two months and demonstrates the successful conversion of Mirada's extensive pipeline of opportunities for our powerful multiscreen product, which has been growing its number of first-class reference deployments over the last few years.

"We look forward to providing Digital TV Cable's subscribers with the ultimate viewing experience, while also further consolidating our presence in the fast-growing Latin American market."

At 1505 BST, the shares were up 40% to 1.50p.