AirMedia Group Inc. announced that its consolidated entity Guangzhou Meizheng Advertising Co. has recently won a tender for a concession agreement with Shanghai Railway Culture and Advertising Development Co. to install and operate Wi-Fi systems on ordinary trains operated by Shanghai Railway Bureau.
Shanghai Railway Bureau carried 175 million passengers on its ordinary trains in 2014. At the time of the contract, Shanghai Railway Bureau had 147 groups of ordinary trains.
Previously, AirMedia was granted concession rights to install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau, Shanghai Railway Bureau and Guangzhou Railway Corporation. AirMedia also holds the concession rights to install and operate Wi-Fi systems on ordinary trains operated by Xinjiang Railway Bureau.
“In addition to the developments we have made on high-speed trains, we also intend to obtain a leading position in Wi-Fi services on ordinary trains in China. We believe there will be tremendous business opportunities when hundreds of millions of passengers use our Wi-Fi services when they travel,” commented Herman Guo, chairman and chief executive officer of AirMedia.
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