31st Oct 2007 15:30
Naspers Limited (JSE:NPN) (LSE:NPSN) announced today that,following a review of its strategic investment priorities and givenits focus on emerging markets, it has initiated a formal process toexplore a possible sale of its Greek and Cypriot pay-tv operator,NetMed NV. NetMed is the leading pay-television operator in Greecewhere it operates the digital satellite platform, Nova, which has over340,000 subscribers. £ Citigroup has been appointed as financial adviser to the process,in which keen interest has been expressed from several potentialinvestors. £ Important Information: £ This announcement contains forward-looking statements. While theseforward-looking statements represent our judgements and futureexpectations, a number of risks, uncertainties and other importantfactors could cause actual developments and results to differmaterially from our expectations. These include key factors that couldadversely affect our businesses and financial performance. The Companywill not undertake any obligation to (and expressly disclaim any suchobligation to) update or alter our forward-looking statements whetheras a result of new information, future events or otherwise except asrequired by law or any appropriate regulatory authority. Investors arecautioned not to place undue reliance on any forward-lookingstatements contained herein. £ About Naspers: £ Naspers is a multinational media company with principal operationsin electronic media (including pay-television, internet andinstant-messaging subscriber platforms and the provision of relatedtechnologies) and print media (including the publishing, distributionand printing of magazines, newspapers and books, and the provision ofprivate education services). Naspers's most significant operations arelocated in South Africa, where it generates most of its revenues, withother operations located elsewhere in Sub-Saharan Africa, Greece,China, Brazil, Russia, the Netherlands, the United States andThailand. Naspers creates media content, builds brand names around it,and manages the platforms distributing the content. Naspers deliversits content in a variety of forms and through a variety of channels,including television platforms, internet services, newspapers,magazines and books. Copyright Business Wire 2007Related Shares:
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