Inuk Networks, a
Inuk's Freewire triple-play platform set to expand in
The investment by S4C has been made through its commercial subsidiary S4C Digital Media Ltd (“S4CDM”) using commercial revenues only.
Iona Jones, S4C's Chief Executive and Chair of S4CDM, and David Sanders, a director of S4CDM, will both join the Inuk board of directors which is chaired by Simon Gibson OBE.
“This is an exciting time for Inuk, with our Freewire service already available in over 100,000 student rooms in the
Iona Jones, S4C's Chief Executive, added: “This investment represents a coming together of S4C's commercial ambitions and our understanding as a broadcaster of the importance of new methods of delivering content to consumers. We believe that Freewire is a compelling proposition and has the potential to become a mainstream digital television platform.”
About Inuk Networks
Inuk Networks is a triple-play service provider which has capitalised on the rapid growth of broadband technologies by developing a platform for the distribution of broadcast quality TV and carrier-class telephony over closed IP-based networks.
Freewire (www.freewiretv.com) is the company's branded platform for the delivery of video, voice and data services to consumer customers, with an initial direct focus on the student market.
Inuk's Freewire platform can be customised and delivered as a wholesale solution, offering broadband providers and network operators the ultimate flexibility in how they provision their TV, voice and converged entertainment service offerings.
Please visit http://www.inuknetworks.com for more information about Inuk Networks.
S4CDM is a commercial subsidiary of S4C. The Broadcasting Act 1996 and the Communications Act 2003 gave S4C certain powers to participate in commercial activities. To enable S4C to invest in Inuk Networks, S4C was required to seek an Order from the Secretary of State for Culture, Media and Sport. The order came into force on April 2nd, 2008.
S4C is one of the
About Wesley Clover
Wesley Clover is a private holding company and venture fund specialising in the seeding of technology companies. To date the fund has created more than 60 companies in the telecommunications, computing and broadcasting markets. Wesley Clover has a substantial real estate and leisure portfolio including the Celtic Manor Resort, host of the 2010 Ryder Cup. The Company's Chairman Sir Terry Matthews is one of the