Phillips sell 500k boxes and headend equipment to Poland.......
199.97.239.52
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Philips To Provide Decoders For @ Entertainment's New Digital Direct-To-Home...
Received: August 14, 1997 04:46pm EDT From: PR Newswire
WARSAW, Poland, Aug. 14 /PRNewswire/ -- @ Entertainment Inc.
(Nasdaq: ATEN) announced here today that a binding Memorandum of Understanding
was concluded between
@ Entertainment and Philips Business Electronics B.V. under which Philips will
supply 500,000 digital consumer decoder systems, including a smart card and
out-door-unit for @ Entertainment's digital direct-to-home television service
in Poland.
In addition to the consumer receivers/decoders, Philips will
supply the
entire satellite broadcast distribution center, including the CryptoWorks
conditional access system.
The decoders will be distributed and serviced in Poland by Philips
Polska
through the company's major network of affiliated retailers.
@ Entertainment, Inc. operates the largest multi-channel pay
television
business in Poland. The company intends to expand its activities and develop
a complementary digital direct-to-home broadcasting service with its own
branded platform of proprietary Polish-language programming. Earlier this
month, @ Entertainment completed a successful initial public offering of its
common stock and sold 9.5 million shares for a total of almost 200 million US
dollars. The stock is listed on the NASDAQ and is traded under the symbol
"ATEN".
Philips Business Electronics is a division of Philips Electronics
of the
Netherlands, one of the world's largest electronics companies, with sales of
41 billion US dollars in 1996. Its 262,500 employees in more than 60
countries are active in the area of lighting, semiconductors and components,
consumer products, professional products and systems, and software and
services. Quoted on the NYSE, London, Frankfurt, Amsterdam and other stock
exchanges, it is a world leader in lighting, color television sets, electronic
shavers and recorded music (Polygram).
SOURCE @ Entertainment Inc.
-0- 08/14/97
/CONTACT: Robert E. Fowler, Chief Executive Officer of @
Entertainment,
860-293-4253, or in Poland, 48-22-608-9826/
(ATEN)
CO: @ Entertainment Inc.; Philips Business Electronics B.V.
ST:
IN: CPR ENT
SU: PDT
Copyright c 1997 PR Newswire. All rights reserved. |
