Wednesday, July 12, 2006

MobiTV Receives $70 Million Investment Led by Oak Investment Partners: Financial News - Yahoo! Finance

"MobiTV, Inc. the global leader in television and digital radio services for cellular, WiFi and broadband-enabled devices, today announced the successful first close of the company's Series C financing. The $70 million investment led by Oak Investment Partners will fuel the Company's rapid expansion in response to the overwhelming demand for its mobile television and radio service across international markets. Oak Investment Partners' Bandel Carano will join MobiTV's board of directors as part of this investment."

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