19th Jun 2007 10:44
WPP Group PLC19 June 2007 FOR IMMEDIATE RELEASE 19 June 2007 WPP GROUP PLC ("WPP") GroupM acquires out of home specialist agency, Interactive TV, in India WPP announces that its wholly-owned operating company GroupM has agreed toacquire, subject to regulatory approval, a majority stake in InteractiveTelevision Private Limited ("Interactive TV"), a leading Indian out of homemarketing agency specialising in cinema advertising and marketing inmultiplexes, malls and shopping chains. Founded in 1996, Interactive TV employs 49 people and is based in New Delhi,with offices in Chennai, Kolkata, Bangalore and Hyderabad. Clients includeMaruti, Microsoft, Coca-Cola, ITC and Bharti Airtel. Interactive TV's revenues for the year ended 31 March 2006 were INR 45.75million, with gross assets at the same date of INR 115.90 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact: Feona McEwan T. +44 (0)20 7408 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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