French TV company confirms interest in Pirelli Broadband

ERJ staff report (DS)

Neuilly-sur-Seine, France -- French digital TV company Netgem has confirmed it is evaluating the acquisition of Pirelli Broadband Solutions, as part of non exclusive discussions with its shareholder Pirelli & C. Netgem is a pure-play hybrid broadcast and broadband IPTV company, providing innovative technology, expertise and flexible business models that enable telecom operators, worldwide, to develop breakthrough, value-added convergence services.

At this stage, terms and conditions of this potential transaction remain open.

The company said, "Following rumours published on the wires, this statement is released in compliance with the Group's regulatory obligations."

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Press release from Netgem