Mobile TV Firm Gets Investment Cash

ROK Entertainment says that it has raised US$7 million in new investment from European institutions, as a prelude to a public flotation of the company later this year. The investment values ROK Entertainment Group at US$70 million.

Jonathan Kendrick, Chairman and CEO of ROK said "We have achieved a great deal in the mobile entertainment space over the past few years and have grown the company to some 150 staff worldwide - all through private funding. This injection of cash will see us step-up yet another gear in our global deployment of our mobile TV services and our other major applications and technologies, before we IPO later this year."

ROK develops services for the provision of on-demand mobile TV streamed over cellular and Wi-Fi networks."

Posted to the site on 16th April 2007