About UsKPN and Narrowstep Join Forces to Offer the World's First End to End Wholesale Internet TV Solution
LONDON / NEW YORK / DEN HAAG - THE NETHERLANDS, SEPTEMBER 4, 2007 - One of the world's largest international wholesale carriers, KPN Global Carrier Services, has teamed up with Narrowstep, the leading European provider of TV over the Internet solutions, to provide a wholesale Internet TV offering to mobile and fixed network operators, ISPs and content parties.
Narrowstep has developed the most comprehensive Internet TV platform that can deliver the highest quality, long-form programming available, giving audiences a true TV-like viewing experience over the Internet.
"We have looked long and hard at this market before deciding to work with Narrowstep," comments Gert-Jan Huizer, VP Portfolio Management within KPN Global Carrier Services. "The combination of their leading edge technology, and our international IP network and global customer base will enable us to offer the first comprehensive, end to end, wholesale Internet TV service on the market"
KPN will offer a bundled service to international wholesale customers that will enable them to monetize video content and decommoditize bandwidth sales. The new service will launch in October 2007, and as part of the deal, Narrowstep will use KPN's global network infrastructure to extend its Content Distribution Network.
"By continuing to develop and invest in our Internet TV platform, we can deliver the most comprehensive and scalable solution to world-class carriers like KPN," said, David C. McCourt, Chairman and CEO of Narrowstep. "Our relationship with KPN will allow us to offer our platform to customers in new markets who are serious about managing and monetizing professionally produced video content over the Internet."
About Narrowstep:
Narrowstep™ Inc. (OTC BB: NRWS), the TV on the Internet company, is a leading provider of Internet TV services supporting over 180 channels worldwide. Narrowstep’s proprietary technology platform delivers the highest quality, TV-like experience available on the internet. A pioneer in delivering Internet TV, Narrowstep offers the expertise and technology to move, manage and monetize video content.
For more information about Narrowstep, please call +1 (212) 404-1400 or +44 (0) 20 7498 3377.
About KPN:
KPN is the leading provider of telecommunications services in the Netherlands, serving customers with wireline and wireless telephony-, internet- and TV services. To business customers, KPN delivers voice-, internet- and data services as well as fully-managed, outsourced ICT solutions. Both nationally and internationally, KPN provides wholesale network services to third parties, including operators and service providers. In Germany and Belgium, KPN pursues a multi-brand strategy with its mobile operations, and serves multiple customer segments in consumer as well as business markets.
At June 30, 2007, KPN served 5.8 million wireline voice subscribers, 8.8 million mobile customers, 2.5 million Internet customers and 0.3 million TV customers in the Netherlands as well as 16.1 million mobile customers in Germany and Belgium. With 27, 096 individuals (24,881 FTEs), KPN posted revenues of EUR 5.9bn, with an EBITDA of EUR 2.5bn in the first half year of 2007. KPN was incorporated in 1989 and is listed on the Amsterdam, New York, London and Frankfurt stock exchanges.
About KPN Global Carrier Services:
KPN GCS is an integrated part of the Wholesale & Operations Segment of Royal KPN N.V. ("KPN" or "Parent") that provides termination of international voice traffic originating outside and inside The Netherlands to any place in the world. The main services provided by KPN GCS include: international wholesale voice services, international premium voice services and international direct dialing, certain transit services, international free phone services, solutions for mobile operators and solutions for internet service providers. KPN GCS operates worldwide through primary sales/distribution channels located in The Hague, New York, Miami, Hong Kong, Rio de Janeiro, Cape Town, Istanbul and Singapore.
KPN Global Carrier Services is currently in a process of merging with iBasis, Inc, a Burlington (MA)-based company. We expect the merger of KPN Global Carrier Services within the organization of iBasis, Inc, to occur on or about 28 September 2007. At that moment, 51% of iBasis shall be acquired by Royal KPN N.V., and KPN Global Carrier Services shall become a subsidiary of iBasis, Inc. This agreement will form part of the new combined organization.