23rd Mar 2007 12:10
WPP Group PLC23 March 2007 FOR IMMEDIATE RELEASE 23 March 2007 WPP GROUP PLC ("WPP") WPP acquires stake in iconmobile GmbH in Germany WPP announces that it has acquired a 40% stake in iconmobile GmbH,("iconmobile") a leading mobile marketing network. iconmobile specialises instrategic planning, concept development and user interface/mobile design forboth content providers and mobile operators. iconmobile's subsidiary andassociated companies include: icon impact, which specialises in entertainmentformats; and imt, a technology provider and innovation lab. Founded in 2003, iconmobile is head-quartered in Berlin with other offices inMunich, Antibes, London, Los Angeles, Sydney and Tokyo. Clients include O2,Orange, Vodafone and France Telecom, iconmobile's consolidated revenues for the year ended 31 December 2006 were Euro6.6 million. The gross assets acquired at the date of acquisition wereEuro 6 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact:Feona McEwan, WPP +44 (0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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