This report analyzes the worldwide markets for Internet Protocol Television (iPVT) in Millions of Subscribers and Millions of US$. The Specific types of Systems analyzed include Set-Top Boxes, Access Systems, Video Headend Equipment, Video-on-Demand, Middleware, Content Protection, and System Integration. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia Pacific, and Rest of World. Annual forecasts are provided for each region for the period of 2004 through 2014. The report profiles 159 companies including many key and niche players worldwide such as Key iPTV Carriers/Operators, AT&T Inc., Belgacom, Bell Canada Enterprise Inc., British Telecom, China Telecom Corporation Ltd., Comcast Corporation, Deutsche Telekom AG, FastWeb TV, France Telecom SA, PCCW Limited, Qwest Communications International Inc., Telecom Italia SpA, Verizon Communications Inc., Alcatel-Lucent SA, Cisco Systems Inc., ECI Telecom Ltd., Entone Inc., Envivio Inc., Microsoft Corporation, Motorola Inc., NEC Corporation, Orca Interactive Ltd., Sprint Nextel Corporation, Widevine Technologies, Inc., and Viaccess S.A.

TABLE OF CONTENTS

INTERNET PROTOCOL TELEVISION (iPTV)	  MCP-1556
A GLOBAL STRATEGIC BUSINESS REPORT


                                            CONTENTS


  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       iPTV - An Advanced Broadband Service                             I-4
       Equipment/Components/Sub-Systems of iPTV                         I-5
        Set-top boxes                                                   I-5
        Access Systems                                                  I-5
        Video Head-Ends                                                 I-5
        VoD Server                                                      I-5
        Middleware                                                      I-5
        Content Protection/Content Aggregation Systems                  I-5
        System Integration Devices                                      I-5


 II. EXECUTIVE SUMMARY

  1. Industry Overview                                                  II-1
      A Rising Global Profile of the iPTV Market                        II-2
       iPTV Regulations in Major Countries                              II-3
      iPTV Rises Above Web-based Streaming and Cable TV                 II-3
      iPTV: A Transversal Revolution                                    II-4
       What Lies Ahead?                                                 II-5
       iPTV and the Promises                                            II-5
       iPTV - Bringing Enduring Transformations                         II-6
        Self-Care Channels                                              II-6
        Cross-Platform Integration                                      II-6
        Content Management                                              II-6
        Back-Office Systems                                             II-6
        Others                                                          II-7
      iPTV - A Multi-Disciplinary Technology                            II-7
      Why Telcos Need to Adopt iPTV                                     II-8
       Telcos Need to Learn Content Management and  Back Office
        Functions                                                       II-8
      Cable Operators Embracing iPTV                                    II-9
      Underlying Factors for iPTV Uptake                                II-9
       Stimulating Factors                                              II-9
       Inhibiting Factors                                               II-10
      Broadband Network - The Platform for iPTV                         II-10
      Next Generation TV is Here                                        II-10
      High Growth Potential for the Future                              II-10

  2. Market Drivers                                                     II-11
      The Recent Convergence Wave                                       II-11
      Factors Driving Convergence                                       II-11
       Tough Market Environment                                         II-11
       Changing Customer Behavior and Expectations                      II-11
       Deregulation and Intense Competition                             II-12
       Technological Advancements                                       II-12
       Expanding IP Networks                                            II-12
       Market Demand for Data Services                                  II-13
       Various Dimensions of Convergence                                II-13
        Convergence of Telecommunication Networks                       II-13
        Convergence of Equipment                                        II-13
        Media and Content Convergence                                   II-13
        Convergence of Pricing and Tariff Models                        II-13
        Convergence of Services and Applications                        II-13
        Convergence of Industries                                       II-14
        Other Market Drivers                                            II-14

  3. Market Trends & Issues                                             II-15
      Consolidation - Order of the Day                                  II-15
       Consolidation in the iPTV Set-Top box Market                     II-15
       Recent Acquisitions in the iPTV/Video Market  (2006-07)          II-15
        Bleak Future Ahead for Independent iPTV  STB Manufacturers      II-16
      Momentum Rests in Asian and European Markets                      II-16
      Demand for Greater Connectivity Drives the Market                 II-16
      Infrastructure Constraints Before iPTV  Commercialization         II-17
      Market Calls for Huge Capital Investment                          II-17
      Technological Developments to Improve the Services                II-17
      Fragmented Market Affects Growth Opportunities                    II-18
      Legislations to Play Vital Role in Shaping Up of Market           II-18
      Product Differentiation - A Time Tested Strategy                  II-18
      iPTV Equipment Market Better Placed than  Service Sector          II-19
      Test Vendors Growing through Opportunities                        II-19
      Content on Demand Catalyzes iPTV Growth                           II-19
       Personalized Advertising - To Fetch Substantial  Revenue         II-20
       Value-Added Services - A Must to Beat Competition                II-20
      iPTV Over Satellite - An Emerging Niche Market                    II-20
       Satellite Technology Displays Potential Opportunities            II-21
      Telcos Favoring DSL Network                                       II-21
       iPTV over ADSL - An Advanced Option                              II-21
      Integration and Interoperability to Define  Competitiveness       II-21
      International VoD Market Expands                                  II-22
      Customization of iPTV Services based on the  User Requirements    II-22
       Efficient Data Transfer - Another Prominent Issue                II-22
      DTT - A Competing and Complementing Technology  for iPTV          II-23
      iPTV-Video Market                                                 II-23

  4. Market Dynamics                                                    II-24
      Market Participants                                               II-24
       Service Providers                                                II-24
        Telecom Operators                                               II-24
       Worldwide Key iPTV Deployments by Player,  Region and Platform   II-25
         Opportunities and Challenges Before Telcos                     II-26
          Telcos Face Technical Problems                                II-27
        Cable Network Operators                                         II-27
         Operators - Competing for Market Share                         II-27
        Broadcasters                                                    II-27
      Media & Entertainment Companies                                   II-28
      Information Technology (IT) Companies                             II-28
      Consumer Electronics Producers                                    II-28
      Factors Defining iPTV Service Market                              II-28
      Telcos and Cable Operators - Enraged Competitors                  II-28
       PCCW - The Leader                                                II-29
        Table 1: Leading Players in Global iPTV Services Market
        (2006): Percentage Share Breakdown by Major Player - PCCW,
        Free Telecom, France Telecom, Fastweb, Telefonica, and
        Others (includes corresponding Graph/Chart)                     II-30
      Positive Outlook for Telecom Carriers                             II-30
       Challenges Ahead                                                 II-30
       Issues to be Addressed                                           II-31
       Vital Factors for Business Success                               II-31
       The Right Content                                                II-31
       Top Quality Services                                             II-31
       Convenience & Optimistic User Experience                         II-31
       Security                                                         II-32
       Economy of Set-top boxes                                         II-32
       Cost Control                                                     II-32
       Interactivity                                                    II-33
      Business Model for iPTV                                           II-33
       Role of Business Model                                           II-33
        Underlying Factors                                              II-33
       Factors Shaping Right Business Model                             II-34
       Types of Business Model                                          II-34
        Virtual Video Store Model                                       II-34
        Enhanced Television Provider (iPTV/VoD) Model                   II-35
        Value-Added Internet Service Provider (VA-ISP)  Model           II-35
        Triple-Play Model                                               II-36
         Triple-play Business Model                                     II-36
      Pricing Models Used by iPTV/VoD Service Providers                 II-36
      Emerging Marketplace for System Providers (OEMs)                  II-37
       System Integration and Professional Services                     II-37
        The Emerging Market Scenario                                    II-37
         Leading iPTV Vendors in Market by Set-Top Box,  Access
          System, Video Headend, Video-on-demand, Middleware and
           Content Protection                                           II-37
         Table 2: Global iPTV Market (2006): Percentage  Share of
         Live iPTV Subscribers Served by iPTV Middleware (includes
         corresponding  Graph/Chart)                                    II-38
       Test Equipment Suppliers Need to Offer Interoperable  End-to
        -End Solutions                                                  II-38
       Market Remains Fragmented                                        II-39

  5. Product Overview                                                   II-40
      iPTV - An Advanced Broadband Service                              II-40
       VoD Offerings                                                    II-40
        iPTV/VoD Service Elements                                       II-41
         TV Service                                                     II-41
         VoD                                                            II-41
         PVR and NPVR                                                   II-41
         EPG                                                            II-41
         Information Services                                           II-41
         Interactive TV                                                 II-41
         Interactive Applications                                       II-42
         Broadband Applications                                         II-42
        Important Factors for Offering VoD Services                     II-42
         Client-Server iPTV Middleware Applications  Platform           II-42
         Effective Service Mix                                          II-42
         Type of Set-top Box                                            II-42
         Networking Infrastructure                                      II-42
         Video Decoding/Encoding Format                                 II-42
      Customer Value Proposition                                        II-43
       iPTV Value Proposition                                           II-43
       VoD Value Proposition                                            II-43
       Interactive TV Value Proposition                                 II-43
       Triple-Play Value Proposition                                    II-43
      Home Networking Technologies                                      II-44
       Physical Layer Technologies                                      II-44
        DSL and FTTH - Duo For Deploying iPTV                           II-45
       Video Compression Technologies                                   II-45
      Equipment/Components/Sub-Systems of iPTV                          II-45
       Set-Top Boxes                                                    II-45
       Access Systems                                                   II-45
       Video Head-Ends                                                  II-45
       VoD Server                                                       II-46
       Middleware                                                       II-46
       Content Protection/Content Aggregation Systems                   II-46
       System Integration Devices                                       II-46

  6. End-Use Analysis                                                   II-47
      Target Customers                                                  II-47
       Residential Subscribers                                          II-47
        TV-Centric or PC-Centric                                        II-47
        Closed Customer-Base or Open Customer-Base                      II-47
        Segment Granularity                                             II-48
       Institutional Subscribers                                        II-48

  7. Recent Industry Activity                                           II-49
      Alcatel-Lucent Takes Over Tamblin                                 II-49
      Swisscom Acquires Majority Stake in FastWeb                       II-49
      Motorola Acquires Tut Systems                                     II-49
      Genband Inc Acquires Tekelec Unit                                 II-49
      Renova Group Acquires Moscow Cable                                II-49
      Netifice Communications Acquires Megapath Networks                II-50
      China Mobile Acquires Phoenix Satellite                           II-50
      PingPong Telecom Acquires Vonar Ltda                              II-50
      WaveDivision Holdings Acquires Starstream  Communications         II-50
      Cordia Corp Acquires Triamis Group                                II-50
      Titan Global Acquires Trinity Communications                      II-50
      Maxwell Acquisition Merges with Redback Networks                  II-51
      Sagem, Bit Band and Orca Interactive Collaborate                  II-51
      UNE-EPM to Introduce iPTV in Cities of Sincelejo  and Monteria    II-51
      Orca Interactive Enters Contract with Lattelecom                  II-51
      RCom Signs Deal with Microsoft to Introduce iPTV  in India        II-51
      Jordan Telecom Signs Agreement with INTRACOM                      II-51
      Samsung and KT Partners to Drive iPTV Sales                       II-52
      Telsur Uses AmiNET110 iPTV STB to Offer iPTV  in Chile            II-52
      Optibase Enters into Alliance with ZTE to Supply  Encoder System  II-52
      ANTARA Signs Agreement with PT Power Telecom                      II-52
      Tilgin Signs Agreement with Ericsson to Offer  Set-Top-Boxes      II-53
      UTStarcom Signs Contract with Bharti Airtel                       II-53
      AccessKey Signs LOI to Co-Develop Set-Top-Boxes                   II-53
      Amedia Signs Licensing Agreement with Motorola                    II-53
      Private Media Signs Agreement with Belgacom Group                 II-53
      UTStarcom Signs Contract with China Telecom to  Deploy iPTV
       Solution                                                         II-54
      Telmex to Invest in iPTV Services                                 II-54
      Alcatel-Lucent Inks Agreement with UAE Telecom  Operator          II-54
      Red Bee Media Inaugurates New Office in Singapore                 II-54
      Slovak Telekom Introduces iPTV in Slovakia                        II-54
      T-HT Croatia Chooses Scientific Atlanta's New IP  Set-Tops        II-55
      IBM to Provide New iPTV Infrastructure Solution                   II-55
      SES and Cisco to Introduce iPTV Services in  North America        II-55
      BitBand's Technology to Power Synterra's iPTV  Services in Russia II-56
      Comverse to Expand Presence in Latin American  iPTV Market        II-56
      Inuk Partners with Accedo Broadband for Gaming  Service           II-56
      Tiscali Signs Distribution Agreement with RAI  for iPTV Services  II-56
      Orange Signs Contract with Disney for iPTV Service                II-57
      NSN Bags iPTV Infrastructure Contract in Brazil                   II-57
      Orca Interactive Supplies RiGHTv to ON Telecom                    II-57
      Cable & Wireless Signs Deal with Inuk to Offer  iPTV Services
       in UK                                                            II-57
      Sumitomo Selects Intellon's Solution for iPTV  in Japan           II-58
      JANET Partners with OSTN to Introduce iPTV in  UK Universities    II-58
      SKY and FASTWEB Enter into an Agreement                           II-58
      Envivio Bags Orders to Deliver 200 Channels to  Tier 1 Telcos     II-58
      Walt Disney and FASTWEB Sign VoD Deal to  Offer Disney
       Channels in Italy                                                II-59
      Anevia Enters into Partnership with Ihsan to  Deliver iPTV
       Solutions                                                        II-59
      Bharti Airtel Chooses iPTV Encoding Platforms  of Optibase        II-59
      Channel 4 Finland and Disney-ABC Enter into  Agreement            II-59
      Exterity and SpliceCom Enter into Joint  Development Agreement    II-60
      ITonis and Aquos Media Ink Agreement to  Introduce iPTV           II-60
      KermanTel Chooses Nortel iPTV Solution to  Launch iPTV Services   II-60
      Marco Island Chooses Cable iPTV Solution of  GoBackTV to
       Launch iPTV                                                      II-60
      Belgacom Extends iPTV Contract with Nokia  Siemens Networks       II-60
      Portugal Telecom Selects Ruckus Smart's Wi-Fi  for iPTV
       Service Distribution                                             II-61
      Brasil Telecom Selects Widevine Technologies to  Secure iPTV
       Services                                                         II-61
      ComX Chooses Widevine for Deployment of iPTV  Services in Denmark II-61
      RCom Enters iPTV Agreement with Microsoft                         II-61
      Nortel Signs Reseller Agreement with Widevine                     II-62
      Inuk Selects Widevine Cypher(r) to Secure  VOD Content            II-62
      BSNL-Kolkata Announces Investment Plan for iPTV                   II-62
      P&T Luxembourg Chooses Verimatrix's VCAS                          II-62
      RCN Corp Divests to Astound Broadband                             II-63
      Nokia Siemens Inks IPTV Deployment Contract                       II-63
      Sonaecom Chooses CopperGate for IPTV Deployment  in Portuguese
       Market                                                           II-63
      T-HT Croatia Opts IP Set-Tops of Scientific Atlanta  for IPTV
       Services                                                         II-63
      Sibir Chooses Orca for IPTV Deployment in Russia                  II-64
      Comstar-Direct Opts for Tandberg's Encoders for  IPTV Network     II-64
      Nortel Collaborates with NDS for IPTV Services                    II-64
      UTStarcom Collaborates with Aksh for IPTV Deployment  in India    II-65
      Motorola Acquires Modulus Video                                   II-65
      Motorola Joins Microsoft's IQ Lab                                 II-65
      ntl, Inc Merges with Telewest Global, Inc                         II-66
      Harmonic Acquires Entone's Video Networking  Software Operations  II-66
      Alcatel Acquires Lucent                                           II-66
      Motorola Acquires Vertasent                                       II-66
      Infotec Acquires Azatel                                           II-67
      Tiscali and Video Networks Merge                                  II-67
      Tandberg Acquires Zetools                                         II-67
      Cisco Acquires Scientific-Atlanta                                 II-67
      Command Information Acquires AnviCom                              II-67
      VisionGateway Inc Acquires Centile Subsidiary                     II-68
      Carlyle Group Acquires Eastern Multimedia                         II-68
      Boston Ventures Acquires En-Touch Systems                         II-68
      Viacom Inc Acquires H&Q Asia Pacific                              II-68
      3Com Corp Acquires Huawei 3Com Technology                         II-68
      Filtakleen Inc Acquires Interactive Television                    II-68
      Wave2Wave Acquires IntelliSpace                                   II-68
      Orca Inks Deal with NGN                                           II-69
      Eurocom Plovdiv Merges with Warburg Pincus                        II-69
      Orca Enters Alliance with Ruckus Wireless                         II-69
      Orca Interactive Enters Deal with Sonaecom                        II-69
      Amino Signs Agreement with SES AMERICOM                           II-69
      Orca Interactive and Telrad Networks Enter Partnership            II-70
      Eagle Signs Agreement with Terremark to  Deliver iPTV Content     II-70
      UTStarcom Inks Contract with China Netcom  for iPTV Solution      II-70
      UTStarcom Inks Contract with China Telecom  for iPTV Solution     II-70
      Orca Interactive Provides iPTV Middleware to Jazztel              II-70
      BT Closes Three Deals to Provide iPTV Services                    II-71
      BellSouth Enters into Agreement with SES  for IP-PRIME(tm) Trial  II-71
      Alcatel and Microsoft Enter into Agreement with HP                II-71
      East Telecom Launches iPTV Network Trial  in Tashkent             II-71
      Konka Signs Agreement with Texas Instruments                      II-71
      San Ramon and AT&T to Sign Agreement for iPTV                     II-72
      Juniper Signs Agreement with Microsoft                            II-72
      Alcatel and Microsoft Join Forces with IBM to  Offer Server
       Solutions                                                        II-72
      Widevine Technologies and Anytime Enter into  Partnership         II-72
      SureWest Selects Widevine for Protection of  Largest iPTV
       Deployments                                                      II-73
      Lattelecom Selects Widevine for HD MPEG-4 iPTV  Deployment        II-73
      Sonaecom Selects Widevine for iPTV Deployment                     II-73
      Atlas Telecom Signs Contract with ECI Telecom                     II-73
      Consolidated Communications Selects Entone's  Hydra HD IP
       Video Gateway                                                    II-74
      CEOS Selects Entone and Minerva Products  for IPTV Installations  II-74
      Tut Systems strikes a Deal with CP-Tel Networks                   II-74
      Siemens Inks an Agreement with Widevine  Technologies             II-74
      TANDBERG Television Signs Agreement to  Acquire SkyStream         II-75
      Opera Software and Amino Extend Partnership Terms                 II-75
      Eagle Broadband Inks an Agreement with The  Sportsman Channel     II-75
      Verimatrix and Entone to Integrate their Proprietary Technologies II-76
      Guest-Tek Interactive Entertainment Chooses  AmiNET110H Set-
       Top Box of Amino                                                 II-76
      Motorola Acquires Kreatel Communications                          II-76
      Deutsche Telekom Signs an Agreement with  Microsoft Corp          II-77
      Magicweb Endorses a Licensing Agreement with  Venture Net
       Capital Group                                                    II-77
      mPhase Technologies Signs Agreement With Espial                   II-77
      Auroras Entertainment Enters into Agreement  with Wegener
       Corporation                                                      II-78
      Optical Entertainment Network Ink Agreements  with Starz
       Entertainment                                                    II-78
      PCCW Joins Forces with STAR                                       II-78
      CASCADE Completes iPTV Installation for  True Digital             II-78
      Telecom Italia Commences Trials of First Dedicated  iPTV in Italy II-79
      Digital Focus Divests Business to Command Information             II-79
      SaskTel Expands MAX IP TV Services                                II-79
      ONO Takes Over Auna                                               II-79
      ECI Acquires Laurel Networks                                      II-80
      Canal Digital Opts for BitBand VoD Solutions for  Deploying
       iPTV Service                                                     II-80
      Telecom Operators in Europe Select SkyStream's  Digital TV and
       Music                                                            II-80
      Oregan Networks Signs Partnership Agreement  with Orca
       Interactive                                                      II-80
      SBC Selects Motorola and Scientific-Atlanta for  Supplying STBs   II-81
      BT Group Signs Deal for iPTV Service Content                      II-81
      Chunghwa Telecom Enters into Agreement with Alcatel               II-81
      Tut Systems Partners with CETC-iPTV                               II-81
      Pixelworks Acquires Equator Technologies                          II-82
      Cisco Acquires Scientific-Atlanta                                 II-82
      SBC Takes Over AT&T                                               II-82
      British Telecom's iPTV Services to use Microsoft  TV Software
       Platform                                                         II-82
      PLD Selects Entone's VOD                                          II-83
      PCCW Enters into an Agreement with Juniper  Networks Inc          II-83
      Coaxsys Gains an Order from NTS Communications  for Home iPTV
       Services                                                         II-83
      ZTE, Huawei and UTStarcom Win iPTV Contracts                      II-83
      Guangdong Telecom Endorses Three Contracts to  Build iPTV
       Networks                                                         II-84
      China Telecom and Shanghai Media Group Enter  into a Joint
       Venture                                                          II-84
      Scientific-Atlanta Teams up Microsoft for Developing  iPTV
       Set-Top Boxes                                                    II-84
      Chunghwa Telecom Acquires Licenses from  Orca Interactive         II-84
      Microsoft Enters into a Collaboration with Harmonic               II-84
      Thomson Acquires Thales Broadcast & Multimedia                    II-85
      3G Dynasty Inc Inks Partnership with China Telecom                II-85
      CoConnect Enters into an Agreement with Envivio                   II-86
      Eagle Broadband Signs a Multi-Year Agreement  with GlobeCast      II-86
      Verizon Communications Acquires MCI Corp                          II-87
      Sprint Merges its Operations with Nextel to Form  Sprint-Nextel   II-87
      Alcatel Enters into Agreement with Swisscom to  Supply VDSL
       Equipment                                                        II-87
      Alcatel Enters into Agreement with Microsoft  for iPTV
       Development                                                      II-87
      Amino Wins a Contract from GSB                                    II-88
      Siemens Integrates Entone iPTV Set-Top into  SURPASS Portfolio    II-88
      Interactive Television Enters into a Licensing  Agreement with
       Academy Entertainment                                            II-89
      TechnoConcepts Signs Licensing Agreement with  Shanghai
       Jinshilin Technologies                                           II-89
      Siemens Acquires Myrio                                            II-89
      Microsoft Collaborates with Sigma to Introduce  System-on-Chip
       Technology                                                       II-89
      Envivio and Sigma Team Up to Enhance AVC/H.264  iPTV Deployments  II-90
      Shanghai Telecom and SMG Tie Up with Siemens to  Offer iPTV
       Services                                                         II-90
      Pacific Century Signs Alliance with Entone  iPTV Products         II-91
      Starwin Endorses an Agreement with Kun Shan  ZhongXu              II-91
      Belgacom Adopts Siemens(r) SURPASS(r) Home  Entertainment 
	Technology  							II-91
      Amino Bags a Supply Contract from TotalVision                     II-91
      Advanced Digital Broadcast Gains Order from  Telefonica           II-92
      SBC Selects Scientific-Atlanta for IP-based  Video Equipment      II-92
      Intel Signs MoU with Shanghai Media Group                         II-92
      Lucent Technologies Partners with Orca Interactive                II-93
      Dansk Bredband Enters Contract with Major iPTV  Providers         II-93
      SES Inks iPTV Distribution Deal with TV Programmers  and Networks II-94
      Etisalat Chooses Viaccess' VZ ON for Providing  Secure Content    II-94
      Telecom Italia Forms Joint Venture with Microsoft                 II-94
      mPhase Technologies Enters into Alliance with  Beyaz Holding
       Company                                                          II-94
      Alcatel, Acer and Ambit Bag a Contract from  Chunghwa Telecom
       Co Ltd                                                           II-95
      SBC Communications Inc. Enters into Agreement  with Microsoft
       Corp.                                                            II-95
      SBC Signs an Agreement with Alcatel and Microsoft                 II-95
      Amino Communications Establishes a New Subsidiary  in the US      II-95
      Opera Software Signs an Agreement with Plat'C2                    II-96

  8. Product/Service Introductions                                      II-97
      Harmonic Develops VoD Solution for SES's iPTV  Service            II-97
      Consolidated Telecom Chooses Latens' FCAS  for iPTV Service       II-97
      Brazil Telecom Introduces iPTV Services in Brasilia               II-97
      Cantv to Launch iPTV Services                                     II-97
      Goldstone to Launch iPTV Service                                  II-97
      HFCL Infotel Introduces iPTV Services in Chandigarh  and Punjab   II-98
      Korea Telecom to Launch iPTV in Russia                            II-98
      Netcom Introduces iPTV in Dalian                                  II-98
      Optibase to Unveil New iPTV Products                              II-98
      SingTel Launches iPTV Services                                    II-98
      T-Com Montenegro to Launch iPTV Service                           II-98
      Ya.com Rolls Out New iPTV Service                                 II-99
      Arcor to Unveil iPTV Services in Germany                          II-99
      BSNL to Launch iPTV Services in Andhra Pradesh                    II-99
      CenturyTel and Mountain to Launch iPTV Services                   II-99
      Dalsvyaz Launches iPTV in Far East Russia                         II-99
      EchoStar Launches Wholesale iPTV Service                          II-100
      Goldstone Introduces iPTV Services in Thailand  and Malaysia      II-100
      IBM and Cisco Soft Launch iPTV                                    II-100
      North Central to Launch iPTV Service                              II-100
      Time Warner Launches BusinessLink.tv                              II-100
      Vestitel BG Launches iPTV Service                                 II-100
      Portugal Telecom Selects Harmonic's Digital  Video Headend        II-101
      Magnet Entertainment Adds New Sky Channels                        II-101
      KT to Introduce iPTV in South Korea                               II-101
      Tiscali to Launch iPTV in the UK                                  II-101
      Nsight Telservices to Roll Out iPTV                               II-102
      Bharti Airtel to Roll Out iPTV Service in India                   II-102
      PTCL to Introduce iPTV Service in Pakistan                        II-102
      IOL Broadband to Introduce iPTV Service in 28  Indian Cities      II-102
      Accedo Broadband Unveils Multiplayer Gaming  Solution for iPTV    II-102
      Deutsche Telekom Introduces iPTV over ADSL2+  Network             II-102
      De Volkskrant to Roll Out iPTV Service                            II-103
      hanarotelecom Introduces Broadcast iPTV                           II-103
      MTNL and Aksh Optifibre Launch iPTV                               II-103
      PCCW to Unveil High-Definition Broadcasts  for iPTV Services      II-103
      Sierre Energie Launches FTTH iPTV Service in  Switzerland         II-103
      ShifTV Launches iPTV Service                                      II-103
      TDC Launches Commercial iPTV Service                              II-104
      VOLNY Unveils VOLNY TV in Czech Republic                          II-104
      Zattoo Introduces P2P iPTV Service in Spain                       II-104
      Envivio Launches Multi-channel IP Video Encoder                   II-104
      Envivio to Unveil Multi-channel IP Encoder                        II-105
      Envivio Launches 4Stream IP Gateway                               II-105
      France Telecom Introduces Orange Sports TV                        II-105
      Motorola Unveils Open IP Set-Top Software Platform,  KreaTV       II-105
      Microsoft Unveils Mediaroom                                       II-106
      Orange Rolls Out iPTV Services                                    II-106
      KT and Sony to Introduce iPTV Service for  PlayStation 3          II-106
      Bharti Airtel to Introduce iPTV Service in India                  II-106
      BSNL Introduces iPTV Services in Several Indian Cities            II-106
      GVT to Introduce Data Center and iPTV Services                    II-106
      Microsoft and Reliance Join Forces to Introduce iPTV              II-107
      Oi Plans to Rollout iPTV Services in 2008                         II-107
      GekTV Selects DINASTech Solution                                  II-107
      Orca Interactive and Blockbuster Israel Introduce iPTV  and
       Web TV Technology                                                II-107
      Bayantel to Introduce iPTV Services                               II-107
      TDC Launches iPTV in Denmark                                      II-108
      FastTV Inks iPTV Agreement with Teracom                           II-108
      Corvette Telecom to Launch iPTV Service                           II-108
      UTStarcom Launches New iPTV Set-Top Boxes  with Tzero             II-108
      Jiangsu Telecom Powers iPTV with E320 Broadband  Service Routers  II-108
      Aggregato and MercuryMedia Join Hands to  Launch iPTV             II-109
      Tut Systems Introduces iPTV Head-End with Smart City              II-109
      Swisscom Introduces iPTV                                          II-109
      Czech On Line Introduces iPTV                                     II-109
      ETB Launches iPTV Services                                        II-109
      Inlet Technologies Unveils Spinnaker                              II-109
      MTNL Rolls out iPTV                                               II-110
      MTG to Launch iPTV Service in Denmark                             II-110
      Portugal Telecom Launches iPTV                                    II-110
      Sunrise Rolls Out iPTV Service                                    II-110
      T-Online Introduces iPTV services                                 II-110
      TT&T Introduces Online Television Service                         II-110
      Wind and Tiscali Unveils iPTV Services                            II-111
      Club Internet Launches Digital Television Service                 II-111
      Entone Launches New Range of HD CPE Products                      II-111
      Verizon Launches FiOS TV                                          II-111
      Aelefonica Launches iPTV Service in Argentina                     II-112
      BT Vision Launches iPTV Services and Set-top Box                  II-112
      AT&T Introduces iPTV Service in Houston                           II-112
      Inuk Launches Freewire Multicast iPTV Service                     II-112
      Auroras Adds Evo iPTV Service of Espial to its Suite  of iPTV
       Services                                                         II-112
      Auroras Adds Fox News Channel, Playboy TV and  Starz
       Entertainment                                                    II-113
      Playout247 Launches iPTV Solutions for Operators                  II-113
      Archer Introduces Two iPTV Channels in China                      II-113
      Kasenna Launches PortalTV 2.0                                     II-113
      mPhase Launches New Generation iPTV Software                      II-114
      Pixelmetrix Launches DVStorIP-Gen                                 II-114
      SES Integrates Video Encryption Technology with  iPTV
       Distribution Service                                             II-114
      T-Com Rolls Out T-Home Triple Play Service                        II-114
      Amino Incorporates the Firefox Browser                            II-115
      Shanghai Telecom Introduces iPTV                                  II-115
      Telekom Austria Launches iPTV                                     II-115
      UTStarcom Introduces RollingStream                                II-115
      Zarlink Launches ClassSwitch Platform                             II-115
      TAR Launches iPTV Service                                         II-116
      CenterTelecom Introduces Commercial iPTV                          II-116
      BT to Offer Next Generation iPTV Services                         II-116
      Cesky Telecom to Introduce iPTV Services                          II-116
      Deutsche Telekom Introduces iPTV Broadcast Services               II-116
      Eesti Telecom to Introduce iPTV                                   II-116
      KPN Introduces iPTV Services                                      II-117
      Microsoft Partners with Alcatel to Introduce iPTV  Services in
       Brazil                                                           II-117
      Shanda Introduces iPTV Products in Southwestern China             II-117
      Wanadoo Spain Introduces iPTV Services                            II-117
      Nortel Joins Forces with Broadstream to Offer  iPTV Services      II-117
      Auroras Signs Content Agreement with New  Programming Partners    II-118
      Auroras Launches First Consumer Field Trial in  Montana           II-118
      Telkonet, NuVisions Introduces iPTV Services to  Beta Consumers   II-118
      Auroras Join Forces with Verimatrix for Encryption  and
       Content Security                                                 II-119
      Broadstream Selects Intelsat-Americas to Deploy  iPTVConnect
       Service                                                          II-119
      Brix Unveils New iPTV Service Assurance Portfolio                 II-119
      iPTV Americas Launches MPEG-4 iPTV Service                        II-119
      hanarotelecom Launches hanaTV                                     II-120
      KyLinTV Launches Chinese iPTV Service                             II-120
      Telefonica O2 Czech Republic Introduces  iPTV Pilot Operation     II-120
      Ericsson Introduces End-to-End iPTV Solution                      II-120
      True iPTV Beams Playhouse Disney Channel and  Disney Channel
       in Thai                                                          II-121
      Alcatel, Microsoft and IBM Tie Up for iPTV Server  Solutions      II-121
      BroadRelay Introduces BroadRelay iPTV Station  Manager(tm)        II-121
      Cavalier Telephone Introduces First MPEG-4 AVC  enabled iPTV
       Services                                                         II-121
      Viaccess Adds New Product to iPTV Range                           II-121
      Envivio Introduces Triple-Play Solution                           II-122
      France Telecom Launches High Definition TV over IP                II-122
      Sagem and France Telecom Introduce High Definition  Set-Top Boxes II-122
      Orca Launches RiGHTv 4.5                                          II-122
      Interactive Television Networks Inc and NLL to  Launch LacrosseTV II-122
      Terayon Introduces Interactive Ad Program                         II-123
      Amdocs Introduces IP Convergence Solutions for iPTV               II-123
      GDB Limited Introduces iPTV Services 'Tvbrighton'                 II-123
      Hammerhead Introduces New Ethernet Features  for HSX 6000
       Platform                                                         II-123
      Belgacom Introduces iPTV Service                                  II-123
      Motorola Unveils New iPTV Solutions                               II-124
      AT&T Launches iPTV Services in San Antonio                        II-124
      Optical Entertainment Network to Introduce Largest  FTTH iPTV
       in US                                                            II-124
      Cisco Launches MTV's Streaming Network, mtvU Uber                 II-124
      Telecom Italia Initiates iPTV Operations in Italy                 II-125
      Terayon Introduces First 'Telco-Optimized' Solution               II-125
      Path 1 Network Technologies Launches New Suite  of Intelligent
       Hardware and Software                                            II-125
      New Medium Enterprises Signs an Agreement with  Global MediaCast  II-126
      Marconi Federal Unveils iPTV Solution and  ViPr Media Center      II-126
      Terayon Launches Ad Insertion Solution for Telco  iPTV Services   II-127
      Media Excel Introduces Real-Time Transcoder,  HERA 3000           II-127
      Amino Communications Launches iPTV Set-top Box                    II-127
      NS8 Launches New Content Distribution Management  Solution for
       iPTV                                                             II-128

  9. Focus on Select Global Players                                     II-129
      Key iPTV Carriers/Operators                                       II-129
       AT&T Inc (USA)                                                   II-129
       Belgacom (Belgium)                                               II-129
       Bell Canada Enterprise Inc (Canada)                              II-129
       British Telecom (UK)                                             II-129
       China Telecom Corporation Ltd (China)                            II-130
       Comcast Corporation (USA)                                        II-130
       Deutsche Telekom AG (Germany)                                    II-130
       FastWeb TV (Italy)                                               II-131
       France Telecom SA (France)                                       II-131
       PCCW Limited (Hong Kong)                                         II-131
       Qwest Communications International Inc. (USA)                    II-131
       Telecom Italia SpA (Italy)                                       II-132
       Verizon Communications Inc (USA)                                 II-132
      Key iPTV Vendors/System Providers                                 II-132
       Alcatel-Lucent SA (France)                                       II-132
       Cisco Systems Inc (USA)                                          II-133
       ECI Telecom Ltd (Israel)                                         II-133
       Entone Inc (USA)                                                 II-133
       Envivio Inc (USA)                                                II-133
       Microsoft Corporation (USA)                                      II-134
       Motorola Inc. (USA)                                              II-134
       NEC Corporation (Japan)                                          II-134
       Orca Interactive Ltd. (Israel)                                   II-135
       Sprint Nextel Corporation (USA)                                  II-135
       Widevine Technologies, Inc. (USA)                                II-135
       Viaccess S.A. (France)                                           II-136

  10. Global Market Perspective                                         II-137
      Table 3: World Current and Future Analysis for iPTV by
      Geographic Region - US, Canada, Europe, Asia-Pacific
      (including Japan) and Rest of World Independently  Analyzed by
      Number of Subscribers in Million for  the Years 2004 to 2014
      (includes corresponding  Graph/Chart)                             II-137

      Table 4: World 10-Year Perspective for iPTV by Geographic
      Region - Percentage Breakdown of Number of Subscribers for US,
      Canada, Europe, Asia-Pacific (including Japan) and  Rest of
      World for the Years 2004, 2009 and 2014  (includes
      corresponding Graph/Chart)                                        II-138

      Table 5: World Current and Future Analysis for iPTV  by
      Geographic Region - US, Canada, Europe, Asia-Pacific
      (including Japan) and Rest of World Independently  Analyzed by
      Annual Service Revenues in US$ Million  for the Years 2004 to
      2014(includes corresponding Graph/Chart)                          II-139

      Table 6: World 10-Year Perspective for iPTV by Geographic
      Region - Percentage Breakdown of Service Revenues for  US,
      Canada, Europe, Asia-Pacific (including Japan) and  Rest of
      World for the Years 2004, 2009 and 2014  (includes
      corresponding Graph/Chart)                                        II-140

      Table 7: World Current and Future Analysis for iPTV  by System - 
      Set-Top Boxes, Access Systems, Video Headend Equipment,
      Video-on-Demand, Middleware, Content  Protection and System
      Integration Independently  Analyzed by Annual Sales in US$
      Million for the  Years 2004 to 2014 (includes corresponding
      Graph/Chart)                                                      II-141

      Table 8: World 10-Year Perspective for iPTV by System -
      Percentage Breakdown of Dollar Sales for Set-Top Boxes, Access
      Systems, Video Headend Equipment, Video-on- Demand,
      Middleware, Content Protection and System Integration for the
      Years 2004, 2009 and 2014  (includes corresponding
      Graph/Chart)                                                      II-142


III. MARKET

  1. The United States                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        US iPTV Market - Optimism Rules                                 III-1
        Market Trends                                                   III-2
         New IPTV Regulation in Texas Opens  Growth Avenues             III-2
         Satellite Operators - Sensing the Opportunity                  III-2
          iPTV in Rural Areas - A Secured Niche Market  for
           Satellite Operators                                          III-2
         Biggies Lagging                                                III-2
        Market Overview                                                 III-3
         Pay TV Market                                                  III-3
          Regulations                                                   III-3
          ARPU                                                          III-4
          Competitive Structure                                         III-4
          Cable Operators Vs Telco                                      III-4
        Product/Service Launches                                        III-5
        Strategic Corporate Developments                                III-13
        Key iPTV Carriers/Operators in the US                           III-29
         AT&T Inc                                                       III-29
         Comcast                                                        III-29
         Qwest Communications International Inc.                        III-29
         Verizon Communications Inc                                     III-29
        Key iPTV Vendors/System Providers in the US                     III-29
         Cisco Systems Inc                                              III-29
         Entone Inc                                                     III-30
         Envivio Inc.                                                   III-30
         Microsoft Corporation                                          III-30
         Motorola Inc.                                                  III-30
         Sprint Nextel Corporation                                      III-31
         Widevine Technologies, Inc.                                    III-31
      B.Market Analytics                                                III-32
        Table 9: US Current and Future Analysis for iPTV by Number
        of Subscribers in Million for the Years 2004 through 2014
        (includes corresponding Graph/Chart)                            III-32

        Table 10: US Current and Future Analysis for iPTV  by Annual
        Service Revenues in US$ Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-32

  2. Canada                                                             III-33
      A.Market Analysis                                                 III-33
        Outlook                                                         III-33
        Market Overview                                                 III-33
         Regulations                                                    III-33
         ARPU                                                           III-34
         Competitive Structure                                          III-34
         Canadian Telecom Market                                        III-34
        Product/Service Launch                                          III-34
        Strategic Development                                           III-34
        Bell Canada - A Key Canadian iPTV  Carrier/Operator             III-35
      B.Market Analytics                                                III-35
        Table 11: Canadian Current and Future Analysis  for iPTV by
        Number of Subscribers in Million for  the Years 2004 through
        2014 (includes  corresponding Graph/Chart)                      III-35

        Table 12: Canadian Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-36

  3. Europe                                                             III-37
      A.Market Analysis                                                 III-37
        Outlook                                                         III-37
        Market Overview                                                 III-37
         Current iPTV Offers in Europe                                  III-38
         European iPTV Launches in 2006-07                              III-38
         Broadband Market in Europe                                     III-39
         Ambiguous Regulatory Model for Audiovisual  Media              III-39
          Table 13: European TV Market in 2004: Percentage  Share of
          Total European Homes with TV for  Germany, UK, France,
          Italy and Others  (includes corresponding Graph/Chart)        III-39

          Table 14: European TV Market in 2004: Percentage  Share of
          Total European Homes with Digital Pay  TV for UK, France,
          Germany, Italy, Spain and  Others (includes corresponding
          Graph/Chart)                                                  III-40
         Pay TV Market in Europe                                        III-40
          Table 15: European Market for iPTV (2006): Percentage
          Share Breakdonw of iPTV penetration  of Pay TV Households
          by Region - Belgium,  France, Italy, Netherlands, Norway,
          Slovenia,  Spain, Sweden, UK, and Others (includes
          corresponding Graph/Chart)                                    III-41
         iPTV Market                                                    III-42
        Market Drivers                                                  III-42
         Internet Access and IP-Based Services                          III-42
         Digital Television                                             III-42
         DSL Subscription                                               III-42
        Issues and Trends                                               III-43
         Regional Differences - An Imperative Influencing  Factor       III-43
         Deregulation of Telecom Operations                             III-43
        Market Participants                                             III-43
        Leading Incumbents in European Market and Contents Available
         through iPTV or Other TV Services  Offered by the Operator     III-44
        Major European iPTV Services, Base Country,  Concerned
         Network Operator and Network  Platform                         III-44
        Strategic Corporate Development                                 III-45
      B.Market Analytics                                                III-46
        Table 16: European Current and Future Analysis for  iPTV by
        Geographic Region - France, Germany, UK,  Italy, Spain,
        Russia and Rest of Europe Independently Analyzed by Annual
        Number of Subscribers in Million  for the Years 2004 to 2014
        (includes corresponding Graph/Chart)                            III-46

        Table 17: European 10-Year Perspective for iPTV by
        Geographic Region - Percentage Breakdown of  Number of
        Subscribers for France, Germany, UK,  Italy, Spain, Russia
        and Rest of Europe for the  Years 2004, 2009 and 2014
        (includes  corresponding Graph/Chart)                           III-46

        Table 18: European Current and Future Analysis for  iPTV by
        Geographic Region - France, Germany, UK,  Italy, Spain,
        Russia and Rest of Europe Independently Analyzed by Annual
        Service Revenues in US$ Million  for the Years 2004 to 2014
        (includes corresponding Graph/Chart)                            III-47

        Table 19: European 10-Year Perspective for iPTV by
        Geographic Region - Percentage Breakdown of Service Revenues
        for France, Germany, UK, Italy, Spain, Russia and Rest of
        Europe for the Years 2004, 2009 and 2014 (includes
        corresponding Graph/Chart)                                      III-48

  3a. France                                                            III-49
      A.Market Analysis                                                 III-49
        Outlook                                                         III-49
        Market Overview                                                 III-49
         iPTV Market Continues to Expand                                III-49
         Pay TV Market                                                  III-49
         iPTV Market                                                    III-50
          ARPU                                                          III-50
          Regulations                                                   III-50
          Competitive Structure                                         III-50
        Product/Service Launches                                        III-51
        Key French iPTV Carrier/Operator                                III-52
         France Telecom SA                                              III-52
        Key French PTV Vendors/System Providers                         III-52
         Alcatel-Lucent SA                                              III-52
         Viaccess S.A.                                                  III-52
      B.Market Analytics                                                III-53
        Table 20: French Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-53

        Table 21: French Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-53

  3b. Germany                                                           III-54
      A.Market Analysis                                                 III-54
        Outlook                                                         III-54
        Market Overview                                                 III-54
         Position of Cable and Satellite Operators                      III-55
         APRU                                                           III-55
         Regulations                                                    III-55
         Competitive Structure                                          III-55
         IPTV Providers in Germany (2006)                               III-55
        Product/Service Launches                                        III-55
        Strategic Corporate Development                                 III-56
        Key German iPTV Carrier/Operator                                III-56
         Deutsche Telekom AG                                            III-56
      B.Market Analytics                                                III-57
        Table 22: German Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-57

        Table 23: German Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-57

  3c. The United Kingdom                                                III-58
      A. Market Analytics                                               III-58
        Outlook                                                         III-58
        UK: Picking Up Pace                                             III-58
        Market Overview                                                 III-58
         Regulations                                                    III-58
         ARPU                                                           III-59
         Competitive Structure                                          III-59
        Product/Service Launches                                        III-59
        Strategic Corporate Developments                                III-61
        Key iPTV Carrier/Operator in the UK                             III-65
         British Telecom                                                III-65
      B.Market Analytics                                                III-66
        Table 24: UK Current and Future Analysis for iPTV  by Number
        of Subscribers in Million for the Years  2004 through 2014
        (includes corresponding  Graph/Chart)                           III-66

        Table 25: UK Current and Future Analysis for  iPTV by Annual
        Service Revenues in US$ Million  for the Years 2004 through
        2014 (includes  corresponding Graph/Chart)                      III-66

  3d. Italy                                                             III-67
      A.Market Analysis                                                 III-67
        Outlook                                                         III-67
        Market Overview                                                 III-67
         Pay TV Market                                                  III-67
         Regulations                                                    III-67
         ARPU                                                           III-67
         Competitive Structure                                          III-67
        Product/Service Launches                                        III-68
        Strategic Corporate Developments                                III-68
        Key Italian iPTV Carriers/Operators                             III-70
         FastWeb TV                                                     III-70
         Telecom Italia                                                 III-70
      B.Market Analytics                                                III-71
        Table 26: Italian Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding  Graph/Chart)                      III-71

        Table 27: Italian Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-71

  3e. Spain                                                             III-72
      A.Market Analysis                                                 III-72
        Outlook                                                         III-72
        Spanish iPTV Market Holds Immense Growth  Potential             III-72
        Market Overview                                                 III-72
         Pay TV Market                                                  III-72
          Spain - Luring Opportunities for iPTV                         III-73
         Regulations                                                    III-73
         ARPU                                                           III-73
         Competitive Structure                                          III-73
        Product/Service Launches                                        III-74
        Strategic Corporate Development                                 III-75
      B.Market Analytics                                                III-75
        Table 28: Spanish Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-75

        Table 29: Spanish Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-76

  3f. Russia                                                            III-77
      A.Market Analysis                                                 III-77
        Outlook                                                         III-77
        Market Overview                                                 III-77
        Product/Service Launches                                        III-78
        Strategic Corporate Development                                 III-78
      B.Market Analytics                                                III-80
        Table 30: Russian Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-80

        Table 31: Russian Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-80

  3g. Rest of Europe                                                    III-81
      A.Market Analysis                                                 III-81
        Outlook                                                         III-81
        Market Overview                                                 III-81
         Sweden - Huge Opportunities for iPTV                           III-81
          Competitive Scenario                                          III-81
           Table 32: Swedish Broadband Market (2006): Percentage
           Share Breakdown of Major Players - ComHem, TDC Song,
           Tele2, Telenor, Telia,  and Others (includes
           corresponding  Graph/Chart)                                  III-81
        Strategic Corporate Developments                                III-82
        Product/Service Launches                                        III-86
        Key iPTV Carrier/Operator in Rest of Europe                     III-89
         Belgacom (Belgium)                                             III-89
      B.Market Analytics                                                III-89
        Table 33: Rest of Europe Current and Future Analysis  for
        iPTV by Number of Subscribers in Million for  the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-89

        Table 34: Rest of Europe Current and Future Analysis  for
        iPTV by Annual Service Revenues in US$ Million  for the
        Years 2004 through 2014 (includes  corresponding
        Graph/Chart)                                                    III-90

  4. Asia-Pacific                                                       III-91
      A.Market Analysis                                                 III-91
        Outlook                                                         III-91
        Market Overview                                                 III-91
         Pay TV Market                                                  III-91
         iPTV to Grow at an Unprecedented Rate                          III-92
        Leading Markets and iPTV Providers in the Region                III-92
      B.Market Analytics                                                III-93
        Table 35: Asia-Pacific Current and Future Analysis  for iPTV
        by Geographic Region - China and  Rest of Asia-Pacific
        Independently Analyzed by  Annual Number of Subscribers in
        Million for the  Years 2004 to 2014 (includes corresponding
        Graph/Chart)                                                    III-93

        Table 36: Asia-Pacific 10-Year Perspective for iPTV  by
        Geographic Region - Percentage Breakdown  of Number of
        Subscribers for China and Restof  Asia-Pacific for the Years
        2004, 2009 and 2014                                             III-93

        Table 37: Asia-Pacific Current and Future Analysis for iPTV
        by Geographic Region - China and Rest of  Asia-Pacific
        Independently Analyzed by Annual Service  Revenues in US$
        Million for the Years 2004 to 2014 (includes corresponding
        Graph/Chart)                                                    III-94

        Table 38: Asia-Pacific 10-Year Perspective for iPTV  by
        Geographic Region - Percentage Breakdown of  Service
        Revenues for China and Rest of Asia-Pacific  for the Years
        2004, 2009 and 2014                                             III-94

  4a. China                                                             III-95
      A.Market Analysis                                                 III-95
        Outlook                                                         III-95
        Market Overview                                                 III-95
         China - An Emerging Market                                     III-95
         Immense Potential Lies Ahead                                   III-95
         Trouble in Paradise                                            III-96
          Table 39: Chinese Market for iPTV (2006):  Percentage
          Share Breakdown of iPTV User  Preferences by Type - VoD,
          Live TV Broadcast,  and Time-shifted TV (includes
          corresponding Graph/Chart)                                    III-96

          Table 40: Chinese Market for iPTV (2007):  Percentage
          Share Breakdown of iPTV Users  in Select Major Provinces -
          Beijing, Guangdong, Hebei, Heilongjiang, Henan, Jiangsu,
          Shanghai, Xinjiang, and Yunnan (includes corresponding
          Graph/Chart)                                                  III-97

          Table 41: Chinese Market for iPTV (2007):  Percentage
          Share Breakdown of iPTV  Subscribers in Shanghai by
          Consumer-  Existing Broadband users loading iPTV,  New
          Broadband users loading iPTV ,  New iPTV Customers
          (includes  corresponding Graph/Chart)                         III-97
         Chinese TV Industry - An Introduction                          III-97
          Regulatory Framework                                          III-98
          SARFT Favors Digital TV                                       III-98
         A Peek into the Broadband Market                               III-99
         iPTV Market                                                    III-100
        Market Trends                                                   III-100
         Conformist Regulations Hindering iPTV                          III-100
         2008 Olympics - Nurturing iPTV Market                          III-100
         iPTV- A Young Market                                           III-101
         Chinese iPTV Market in Nutshell                                III-101
         Challenges Before iPTV                                         III-102
         Competitive Structure                                          III-103
          IPTV Solutions of Major Chinese  Suppliers                    III-104
         China to Outdo Hong Kong                                       III-104
        Product/Service Launches                                        III-104
        Strategic Corporate Developments                                III-105
        Key Chinese iPTV Carrier/Operator                               III-109
         China Telecom Corporation                                      III-109
      B.Market Analytics                                                III-109
        Table 42: Chinese Current and Future Analysis for  iPTV by
        Number of Subscribers in Million for the  Years 2004 through
        2014 (includes corresponding Graph/Chart)                       III-109

        Table 43: Chinese Current and Future Analysis for  iPTV by
        Annual Service Revenues in US$ Million  for the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-110

  4b. Rest of Asia-Pacific                                              III-111
      A.Market Analysis                                                 III-111
        Outlook                                                         III-111
        Market Overview                                                 III-111
         Leading Markets                                                III-111
          Hong Kong                                                     III-111
           A Mature Market                                              III-111
           Pay TV Market                                                III-111
           iPTV in Hong Kong: A Market Profile                          III-111
            FTTH to Take Front Seat                                     III-112
           Competitive Structure                                        III-112
            PCCW Leads from the Front                                   III-112
            Laggards Losing the Battle to PCCW                          III-113
          Japan                                                         III-113
           Pay TV Market                                                III-113
           iPTV Market                                                  III-113
            Lack of Subscriber Interest and  Regulatory Hurdles
             Hindering  iPTV Prospects                                  III-114
          South Korea                                                   III-114
           An Advanced Market for Broadband  Penetration                III-114
            Table 44: Leading Players in Korean iPTV  Market (2007
            H1): Percentage Share Breakdown  of Market Revenues for
            Hanaro Telecom, KT, and LG Dacom (includes corresponding
            Graph/Chart)                                                III-115

            Table 45: Leading Players in Korean iPTV  Market (2007
            H1): Percentage Share Breakdown for Hanaro Telecom, KT,
            and LG Dacom by Number of Subscribers (includes
            corresponding Graph/Chart)                                  III-115
           Pending Regulatory Reforms                                   III-115
           Telcos Facing Intense Regulatory Barriers                    III-115
           Undermining Prospects for iPTV                               III-115
          India: Market with Strong Potential                           III-116
        Product/Service Launches                                        III-117
        Strategic Corporate Developments                                III-121
        Key iPTV Carrier/Operator in Rest of Asia-Pacific               III-125
         PCCW Limited (Hong Kong)                                       III-125
        Key iPTV Vendor/System Provider in  Rest of Asia-Pacific        III-125
         NEC Corporation (Japan)                                        III-125
      B.Market Analytics                                                III-126
        Table 46: Rest of Asia-Pacific Current and Future  Analysis
        for iPTV by Number of Subscribers in  Million for the Years
        2004 through 2014  (includes corresponding Graph/Chart)         III-126

        Table 47: Rest of Asia-Pacific Current and Future  Analysis
        for iPTV by Annual Service Revenues  in US$ Million for the
        Years 2004 through 2014  (includes corresponding
        Graph/Chart)                                                    III-126

  5. Rest of World                                                      III-127
      A.Market Analysis                                                 III-127
        Outlook                                                         III-127
        Latin America - A Primer                                        III-127
         Brazil: Opportunities Galore for Service  Providers            III-127
        Product/Service Launches                                        III-128
        Strategic Corporate Developments                                III-129
        Key iPTV Vendor/System Provider in  Rest of World               III-132
         Orca Interactive Ltd. (Israel)                                 III-132
      B.Market Analytics                                                III-133
        Table 48: Rest of World Current and Future Analysis  for
        iPTV by Number of Subscribers in Million for  the Years 2004
        through 2014 (includes  corresponding Graph/Chart)              III-133

        Table 49: Rest of World Current and Future Analysis  for
        iPTV by Annual Service Revenues in US$ Million  for the
        Years 2004 through 2010 (includes  corresponding
        Graph/Chart)                                                    III-133


 IV. COMPETITIVE LANDSCAPE