| Kanal 7 and mPhase will offer advanced digital entertainment and broadband data services to 15,000 subscribers in Turkey |
“Kanal 7 brings great media know-how to this effort, as well as a deep understanding of the Turkish market.”
mPhase Technologies (OTC: XDSL) today announced that it has reached agreement with Beyaz Holding Company, owner of Turkey's leading television news and entertainment station, to provide technology enabling the introduction of an array of new digital television services throughout the country.
The companies reported that they will use the Internet Protocol (IP) transport capabilities of Turk Telecom, the soon-to-be privatized Turkish telecommunications company, as the foundation of the broadband network. mPhase will provide the equipment and technical video expertise for the deployment, while Beyaz-owned Kanal 7 will organize and aggregate the content and manage the marketing of the services.
"We are very happy to be able to work with one of Turkey's leading media companies," said Necdet F. Ergul, mPhase chairman. "Kanal 7 brings great media know-how to this effort, as well as a deep understanding of the Turkish market." Mr. Ergul, who is also a native of Turkey, said that he is pleased that mPhase will be helping to bring digital TV and high-speed Internet access to his homeland.
The company reported that the initial deployment of 250 customers will begin as soon as arrangements with Turk Telecom are finalized. That deployment will be followed by a subsequent commercial deployment of 15,000 subscribers.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access, and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the Broadband Loop Watch, designed to help service providers lower the provisioning and operating costs associated with DSL. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long-life power cell.
More information is available at the mPhase Web site at www.mPhaseTech.com.
About Kanal 7 Network
Beyaz Holding Co. is the parent company of Kanal 7, a stock corporation organized and existing under the laws of Turkey. Beyaz is headquartered in Istanbul, Turkey. Kanal 7 is the leading television news and entertainment channel in Turkey. More information on Kanal 7 is available on their web site at: http://www.kanal7.com.tr/
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of both companies in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Get Annual Report
Facebook
Twitter
LinkedIn
Delicious
Reddit
StumbleUpon
Digg
MySpace
Newsvine
Google Bookmark
Yahoo! Bookmark
Email
Email 
