Kplus

What Kplus does

K+, operated by Công ty TNHH Truyền Hình Số Vệ Tinh Việt Nam (VSTV), is a subscription-based satellite pay-TV platform headquartered in Hanoi, Vietnam, founded in 2009. The service streamed premium live sports — most notably exclusive English Premier League football rights — alongside films, documentaries, entertainment programming, and news to Vietnamese households via set-top boxes and satellite dishes, complemented by a proprietary K+ software application for online content access. Customers subscribed directly through the kplus.vn website or the 24/7 hotline (1900 1592), establishing a direct-to-consumer pay-TV business anchored on premium sports rights and a 16-year brand presence.

The business model was recurring subscription revenue from mass-market Vietnamese consumers seeking premium content unavailable on free-to-air TV. Distribution was exclusively domestic, using proprietary satellite infrastructure that distinguished K+ from streaming OTT alternatives reliant on consumer broadband. The company held standard regulatory standing — Business Registration Certificate No. 0103932332 issued by the Hanoi Department of Planning and Investment, plus notification to the Ministry of Industry and Trade (Bộ Công Thương).

Critically, VSTV announced the discontinuation of the K+ pay-TV service in Vietnam effective January 1, 2026, with refund processing opened for active subscribers whose subscriptions extend beyond December 31, 2025. Following termination, subscribers will receive free-to-air access only to VTV and local channels. The company has 251-500 employees and has not publicly disclosed revenue, ownership structure, or fundraising history; management team composition is also undisclosed in available sources.

Name

Kplus

Legal name

Công ty TNHH Truyền Hình Số Vệ Tinh Việt Nam

Website

https://kplus.vn

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

Kplus (K+) is a Hanoi-based subscription satellite pay-TV service operated by VSTV, delivering English Premier League sports, films, and entertainment to Vietnamese consumers via set-top boxes; the company has announced discontinuation of the service effective January 1, 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Pay-TV Subscription Service: K+ generates revenue through subscription fees for its pay television service. Subscribers pay recurring fees to access premium content including English Premier League sports, movies, and entertainment programming. The service was available in Vietnam until January 1, 2026.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

K+ provides a subscription-based satellite pay-TV service to Vietnamese households, delivering live sports events (notably English Premier League football), films, TV programs, documentaries, and entertainment programming via set-top boxes and satellite dishes. The service is complemented by a K+ software application that enables online data transmission and access to digital content. Operations are set to cease in Vietnam effective January 1, 2026.

Product overview

K+ is a multi-platform satellite pay-TV entertainment service operated by Công ty Truyền hình số vệ tinh Việt Nam (VSTV). The offering centers on a subscription-based satellite TV service delivering sports content (particularly English Premier League football), films, TV programs, and documentaries via a set-top box and satellite dish. K+ also provides a software application for accessing online content. The service will discontinue operations in Vietnam on January 1, 2026, with refund processing available for active subscribers.

Differentiator

Problem solved

Functional benefit

Products and services

• K+ Pay-TV Service Subscription-based satellite pay-TV service delivering premium content including live English Premier League football matches, films, TV programs, documentaries, and entertainment programming to Vietnamese households via set-top boxes and satellite dishes, complemented by a K+ software application for online content access. Operations are scheduled to cease in Vietnam effective January 1, 2026, with refund provisions for active subscribers.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves4 records

Expansion highlights1 record

Emerging players

• Galaxy Play: Vietnamese streaming service (backed by Galaxy Entertainment) distributing films and series via subscription, representing the OTT model pressuring K+'s traditional pay-TV economics.
• FPT Play: Vietnamese OTT streaming platform offering on-demand movies, sports, and TV shows via internet delivery, increasingly substituting for traditional pay-TV subscriptions like K+.

Broad incumbents

• Vietnam Television (VTV): National public broadcaster whose channels K+ historically re-broadcast and which continues to provide free-to-air content that K+ subscribers will still receive after the shutdown.
• Netflix: Global OTT streaming incumbent capturing the same Vietnamese consumer demand for premium films, series, and entertainment that K+ previously monetized via subscription pay-TV.
• Canal+: Global pay-TV leader and historically a strategic shareholder/JV partner in VSTV (K+), providing a directly comparable pay-TV operating model and content licensing approach.

Direct peers

• MyTV: Vietnamese IPTV/streaming service from VNPT providing subscription pay-TV content to households, competing with K+ through telecom-bundled distribution.
• VTVcab: Vietnamese cable/pay-TV arm of VTV offering subscription TV packages with sports, movies, and entertainment, directly overlapping with K+ in product, target customer, and business model.
• SCTV (Saigon Cable Television): Vietnamese pay-TV/cable operator serving consumer households with subscription-based premium content, directly competing with K+ for the same addressable market in Vietnam.
• AVG (An Viên): Vietnamese satellite pay-TV operator that historically competed with K+ in the satellite DTH segment, sharing the same distribution technology and similar content positioning.

Regional players

• Astro Malaysia Holdings: Leading Southeast Asian satellite pay-TV operator (Malaysia) with similar DTH technology, premium sports rights strategy (including EPL at various periods), and subscription model.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kplushochiminh.truyenhinh
• LinkedInlinkedin.com/company/vstv

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kplus