Re: Comcast, TimeWarnerCable & Charter Transaction

27 April 2015

Digital Globe Services, Ltd.

(the "Company", the "Group" and together with its subsidiaries "DGS")

Re: Comcast, TimeWarnerCable and Charter Transaction

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer, lead, and inquiry acquisition and digital marketing solutions for large, consumer-facing organisations, acknowledges that on 24 April 2015 Comcast Cable, TimeWarnerCable and Charter Communications announced that the three-way merger transaction, first announced in February 2014, has been terminated effective 24 April 2015. The three entities represent DGS's largest customers.

As previously announced, the ongoing merger had created a stasis which impacted the Company's half year results through 31 December 2014. The Board believes that the culmination of this process should result in a return to stability in the Company's core US telecoms market and, given its proven ability, the Company continues to be well placed to procure and convert high value, long-term subscribers on behalf of its cable partners.

The Company looks forward to working with its cable partners in growing customers through the highly cost-effective, on-line customer acquisition channel, and to continuing to diversify its revenue base through expansion into new geographies and entry into further new industry verticals.

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Overview of DGS

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, search engine optimization, integrated websites, e-mail, social media and contact centre support, receiving a fee for each customer acquired for its clients.

DGS is seeking to establish itself as the leading international provider of outsourced online customer, lead and inquiry acquisition, services, through its focus on having the premier technology platform in the industry. Paid search refers to the auction process for key search terms that search providers run and in which prospective advertisers, or their agents, compete in order to have their advertising or search results displayed. 

By using its optimising technology platform, dgSMART, and its experience of website management and digital media customer acquisition, efficient contact centre operations and other process expertise, DGS is able to acquire customers and achieve conversion rates that deliver profitable, high quality customers or valuable leads and inquiries to its clients. 

DGS employs over 600 staff in Europe, North America and Asia. The Company currently has over 30 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500.