IMG Acquires Nunet

LONDON, January 29: IMG has acquired Germany’s Nunet, a
leading supplier of mobile TV solutions for 2.5G and 3G mobile network
operators.

Nunet will continue to operate its services under its own
brand and will be run as an independent business within the IMG Media Group.
However, many in the Nunet team have already relocated to IMG offices in the
U.K. IMG plans to move its Cologne office into the Nunet facility.

Nunet currently streams more than 200 channels for more than
20 mobile network operators in Europe, Africa and the Americas, with clients
that include Vodafone Germany, A1 Mobilkom in Austria and Swisscom in
Switzerland. In addition, Nunet also helps mobile content owners develop a wide
range of products that include WAP sites, VOD services and linear channels with
integrated advertising.

“I am delighted to announce the acquisition of Nunet, which
represents an excellent strategic fit with IMG Media,” said Todd McCormack, IMG
Media’s senior corporate VP. “Nunet’s capabilities perfectly complement those
of IMG Media, leading to further synergies and the enhancement of the service
we can offer our clients. Under the leadership of Ted Forstmann, Chairman and
CEO, IMG is committed to investing in assets to help drive growth for our
clients and we recognized that Nunet’s executive talent, tools and
infrastructure will add significant resources to capture value in the mobile
content value chain.”