GoConnect’s (ASX: GCN) has entered an agreement to establish
a media partnership in Mongolia for internet protocol television (IPTV) and
WiFi.

Mongolia has well established IPTV services, with its largest IPTV operator,
Univision, providing a pay IPTV service with 70 channels.

Under the in-principle agreement with investment holding company First
Mongolian, GoConnect will hold a 51% equity interest in a jointly owned
company, First Mongolian Media.

First Mongolian Media will seek to work with existing Mongolian IPTV companies,
with GoConnect providing its content and licencing its IPTV and WiFi media
technologies to businesses in the country.

GoConnect’s English language content will be distributed via the uctv.fm and
The World Business Network channels to complement existing English language
IPTV content.

The IPTV/WiFi partnership is in addition to an agreement between First
Mongolian and GoConnect’s corporate advisor Sino Investment Services, whereby
Sino will act as lead manager for First Mongolian’s proposed listing on the
ASX.

First Mongolian has interests in mining, business consultancy and media in
Mongolia.