6th Nov 2013 10:27
LONDON (Alliance News) - Motive Television PLC Wednesday said its Spanish unit has signed a software licensing agreement with TELE System Electronic Srl allowing the customer to use its technology in set-top boxes in return for a royalty for each box sold.
It said the deal covers licenses for about 50,00 boxes that have been distributed to Italian pay-TV company Mediaset, as well as covering additional boxes supplied to Mediaset until the end of 2014.
Motive Television shares were down 4.4% at 0.022 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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