Stockholm, Sweden – Net Insight, a leading provider of efficient and scalable transport solutions for media, IP and broadcast networks, today announces that the European Broadcasting Union (EBU) has placed orders for modernization and upgrades to its global fiber network.
The EBU operates EUROVISION, the premier distributor and producer of TV EUROVISION, and is the media industry's premier distributor and producer of top quality live sport and news, as well as entertainment, culture and music content. The EUROVISION fiber network is based on Net Insight's Nimbra platform, and the EBU will upgrade its global network with Nimbra 600 series MSRs.
The value of the new orders is just below 1 MEUR and delivery will take place during the fourth quarter of 2013.
"EBU will modernize the network to serve broadcasters with new and additional video and data services," says Fredrik Tumegård, CEO of Net Insight. "We support the EBU fully in its objective to adapt its network infrastructure to stay cost-efficient and flexible with guaranteed Quality of Service (QoS)."
Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on November 29, 2013 at 08.30 am CET.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00, fredrik.tumegård@netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution for Broadcast and IP Media,
Digital Terrestrial TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization
of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution
for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery
of existing and new media services.
More than 175 world class customers run mission critical video services over Net Insight products in over 60 countries. Net Insight is quoted on theNASDAQ OMX, Stockholm.
For more information, please visitwww.netinsight.net
About the European Broadcasting Union (EBU)
The EBU is the world's foremost alliance of public service media organizations, with Members in 56 countries in Europe and beyond.
The EBU's mission is to defend the interests of public service media and to promote their indispensable contribution to modern society. It is the point of reference for industry knowledge and expertise.
The EBU operates EUROVISION and EURORADIO.
EUROVISION is the media industry's premier distributor and producer of top quality live sport and news, as well as entertainment, culture and music content.
EURORADIO enhances public service radio through the exchange of music, professional networking and the promotion of digital and hybrid radio – to ensure radio remains a key protagonist in a multimedia world.
The EUROVISION/EURORADIO satellite and fibre network is the largest and most reliable in the world directly plugged in to public service media everywhere.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Net Insight AB via Globenewswire