Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Multiemedia hives off MTD to focus on satellites

  • 16 March, 2006 13:33

<p>Multiemedia Limited (ASX: MUL) announced today that it has sold its local technology distribution business, MTD, in line with the Company direction of expanding its presence in the international satellite services industry.</p>
<p>The sale, to a syndicate, frees up Multiemedia to concentrate on its burgeoning satellite services business and follows the recent successful acquisition of mediaports in Adelaide and Perth from New Skies Satellites B.V. of The Netherlands.</p>
<p>“Multiemedia’s divestment of this non-core business allows our rapidly growing company to focus on our NewSat satellite services division and take advantage of emerging opportunities in this sector,” Multiemedia Limited CEO and Founder Mr Adrian Ballintine said.</p>
<p>“In particular, we see enormous potential for ‘triple play’ (video, voice and data) to be increasingly delivered via satellite to the Australian commercial market.”</p>
<p>“We announced to the investor market in January that the company was focusing on strengthening its position as a major player in satellite services and the sale of MTD is a key step along this path by allowing us to concentrate on this strategic and profitable business sector,” Mr Ballintine added.</p>
<p>Copy ends -</p>
<p>Adrian Ballintine
Chief Executive Officer
Multiemedia Limited</p>
<p>About Multiemedia</p>
<p>Multiemedia Limited (ASX:MUL) is an Australian-owned public company delivering global satellite technology and communication services and digital advertising content through its two business divisions – NewSat Networks and AirWORKS Media. Headquartered in Melbourne, Multiemedia has offices and facilities in Sydney, Adelaide, Perth, Newcastle and Dubai; with satellite Mediaports in Perth and Adelaide.</p>
<p>NewSat Networks offers a full range of managed communication services, Telemetry, Tracking and Control (TTC) and carrier monitoring from its Mediaports for commercial and government customers; utilising the latest generation satellite and VSAT technology with two way end-to end communications to Australia / Oceania, Asia, the Middle East and Africa.</p>
<p>AirWORKS Media offers an innovative advertising delivery concept by matching media to the moment of decision, providing tailored media packages and delivering digital advertising content, via satellite to stores and other points of sale.</p>
<p>Media Contacts:</p>
<p>Sally Downs
Multiemedia Marketing &amp; Communications Manager
03-9674-4604
Rob Jolly, Impact Corporate Communications,
9853 7665</p>

Most Popular

Brand Post

Most Popular Reviews

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?