The 23-year-old company, headquartered in Hong Kong, is involved in multimedia production and content distribution, as well as online shopping.
For the 12 months ending Dec. 31, 2014, Hong Kong Television reported a net loss of $9.5 million on revenue of $2.8 million. It reported total liabilities of $113 million on total assets of $507 million, and stockholder equity of $393 million.
The company's shares hit their most recent high of $9.57 on March 31 this year.
The company, based in Stamford, Conn., sells voice, data and video services to residential customers and businesses.
Earlier this week Frontier Communications introduced a product it is calling "Freedom TV." "The service will enable customers to watch their favorite local channels and TV shows on demand via streaming on their devices," according to a report by Zacks Equity Research. "To top it off, the service is bundled with one-year free subscription of Amazon Prime and 500 hours of DVR offering."
On the day that Apple's (AAPL) - Get Report new iPhone 6s and 6s Plus were released, shares of several wireless carriers rose slightly. The carriers are engaged in a high-stakes battle for new and existing iPhone customers, offering discounts and special financing plans for the new phones.
Shares of Verizon Communications (VZ) - Get Report finished the day at $44.24, a gain of less than 1%. T-Mobile USA (TMUS) - Get Report closed at $42.71, also a gain of less than 1%. Shares of AT&T (T) - Get Report closed at $32.33, up nearly 1%.
At a conference in New York Thursday, Sprint CEO Marcelo Claure said his company would be stronger if it merged with a cable company, according to a report by Reuters. Claure added that he has not engaged in any talks with a potential partner, according to the news service.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.