EuroTrust Secures New Broadcast Deal; Canal Digital Agreement Extended with Increased Subscription Rate
29 Septembre 2005 - 5:39PM
Business Wire
EuroTrust A/S (Nasdaq: EURO) announced today that it has
renegotiated its agreement with Canal Digital, one of the largest
cable television operators in the Scandanavian market, to provide
enhanced content and to extend its agreement until 2009. The
enhanced service will build on the existing basic content offered
by EuroTrust's dk4 channel, which is currently available to
approximately 50% of Danish households, by the addition of selected
prime-time sporting events offered by EuroTrust's new all-sports
channel, 4Sport. The new combined channel, referred to as dk4+,
will launch September 30, 2005. Under the new agreement,
EuroTrust's per-subscriber revenue rate for dk4+ will increase
substantially. Aldo Petersen, EuroTrust's CEO, said "At current
subscriber levels, the new agreement with Canal Digital will
materially enhance our revenues. Further more, we believe that the
enhanced content of dk4+ establishes an attractive platform that
could improve our already strong penetration of the Danish market
and opens up possible new avenues for significant commercial
advertising revenue." EuroTrust (Nasdaq ADS: EURO) owns a
cable/satellite network in Denmark and is one of the largest
provider of mobile televisions production services in Scandinavia,
operating a fleet of eight state-of-the-art mobile units including
one of the few high definition production units in Northern Europe.
More information about EuroTrust and its subsidiaries is available
at www.eurotrust.dk/investors. More information about EuroTrust and
its subsidiaries is available at www.eurotrust.dk
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