Korean LG recently announced that the company and India-based media and technology company Valuable Group have collaborated in the rollout of LG-branded 3D LCD TV (Liquid Crystal Display Television), dubbed the LH50, in India, according to India's Economic Times. LG stated that the company has acquired licenses to telecast the IPL (Indian Premier League) matches in 3D formats, allowing users to view matches by means of a 3D STB (Set Top Box) manufactured and supplied by the Valuable Group, according to the same source.