Magnavision Corporation - MAGV- Profile

Magnavision Corporation provides wireless cable connection as an alternative where cable television connection is not available. Private wireless cable television is provided to colleges, universities, nursing homes & hospitals. The wireless cable system consists of headend equipment at transmission locations and reception equipment at each subscriber location, which facilitate the transmission and reception of microwaves. The company enters into channel lease agreements through which the department authorizes the company to use certain channels. The company pays monthly royalties and lease installments as per channel lease agreement. The company faces tough competition from local telephone companies, cable television operators and other wireless data service companies.