Investor Relations
News Detail

2nd Feb 2000

Independent News & Media announces technology deal for new ISP launch and

Independent News & Media PLC and Internet Ireland announced a technology deal with NetGem S.A. of France initially worth IR

This announcement underpins the acquisition strategy of Internet Ireland by Independent News & Media PLC and its 50% associate Princes Holdings (PHL) - co-owned by Liberty Media (LMG.A). PHL is Ireland's second largest cable TV/ MDS operator after NTL/ Cablelink (NTLI), managing over 230,000 subscribers throughout Ireland, with homes passed exceeding 600,000.

The NetGem technology arrangement will facilitate the biggest-ever launch of an Irish ISP portal site through Internet Ireland, with an initial IR

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"INM has a very clear, compelling and coherent strategy for growth, with a very resolute and sturdy version of our newspaper brands' place within the fast-changing media matrix."

Gavin O'Reilly, Chief Operating Officer