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IPTV Player Inuk Networks Gets $18.6 Million from S4C and Wesley Clover
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IPTV Programming Featured Article


June 05, 2008

IPTV Player Inuk Networks Gets $18.6 Million from S4C and Wesley Clover

By Arvind Arora, TMCnet Contributing Editor


Inuk Networks today announced that broadcaster S4C and venture capital firm Wesley Clover (News - Alert) have invested a $18.6 million in the company.

 
The money will be used by the Inuk executive team for further development of its Freewire triple-play platform in the United Kingdom and to realize its expansion plans into Ireland and North America, company officials say.
 
S4C has made the investment through its commercial subsidiary S4C Digital Media Ltd (“S4CDM”) using commercial revenues only, company officials say.
 
Iona Jones, chief executive officer and chair of S4CDM, will join the Inuk board of directors – a group that’s chaired by Simon Gibson and David Sanders.
 
Marcus Liassides, chief executive officer of Inuk Networks, said that this is an exciting time for Inuk, as its Freewire service is already available in more than 100,000 student rooms in the United Kingdom, and S4C and Wesley Clover are providing the means to allow the company to further enhance its technology platform.
 
Iona Jones, chief executive at S4C, said that through the investment, the company’s commercial ambitions and its understanding as a broadcaster of the importance of new methods of delivering content to consumers are revealed, as its Freewire is a compelling proposition and has the potential to become a mainstream digital television platform.
 
S4CDM is a commercial subsidiary of S4C.
 
Arvind Arora is a contributing editor for TMCnet. To read more of Arvind’s articles, please visit his columnist page.
 
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is Fixed Service Strategies for Mobile Network Operators, brought to you by Comverse (News - Alert).

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