The project is being funded by Point of Peace, a human rights organisation based in Stavanger, Norway, which supports the Nobel Peace Laureates follow-on programme.
Ten Alps Digital has been commissioned to draw up plans for the service, taking into account programme production, design, technical systems, marketing and a business plan.
A decision of whether to launch a full service will be taken in the autumn.
The project team will include Geldof, Ten Alps non-executive director, along with Nigel Dacre, the managing director of Ten Alps Digital, and also Brian Lapping, of Brook Lapping Productions.