C-Cube Message Board - Msg: 5182965

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Technology Stocks : C-Cube

CUBE 36.64

-0.5%

Dec 5 9:30 AM EST

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To: J Fieb who wrote (34266)	7/13/1998 9:33:00 PM
From: John Rieman	of 50808

Cable and Wireless, they own companies that are Divicom\C-Cube customers..................................... inside-cable.co.uk CWC ACQUIRES LEADING INTERACTIVE PROGRAMMER -------------------------------------------------------------------------------- Cable & Wireless Communications has acquired 50.1% of Two Way TV for 13 million pounds in a deal which enlarges the equity base of the interactive TV provider. The investment is linked to a Supply and Distribution Agreement under which CWC will offer Two Way TV services to its customers as part of its new digital interactive service. It also hopes to distribute Two Way TV services to other cable and to digital terrestrial operators. Two Way TV was launched five years ago. It produces a range of interactive TV services which extend existing terrestrial programmes, including 'participation' in quiz and game shows, and in sports programming. It also offers stand-alone games independent of real time TV programming. The present system uses data in the broadcast TV signal, overlays information on the TV screen, has its own dedicated hand control unit, and connects to Two Way TV's control centre by telephone. Two Way TV will use the new investment to develop its portfolio of digital TV services for cable. CWC has confirmed that its digital TV service will offer: choice of up to 200 channels wide choice of movies and programmes 'on demand' Electronic Programme Guides television based Internet access interactive services including interactive entertainment, education, information, home shopping and banking

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