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Europe Online and TV Babo sign Strategic Cooperation Agreement in order to bring fast Internet and Multimedia Services via Satellite to Portuguese Market.

Luxembourg, 17 February 2003

Europe Online, operator and owner of one of the world’s first and largest broadband internet via satellite and multimedia content delivery networks, signed a Cooperation Agreement with TV Babo, a major Portuguese-based company operating in the installation, commercialization and development of satellite services in Portugal.

The agreement aims at extending the satellite services that TV Babo offers to its distribution and installer partners, with the Europe Online E-DSL multimedia platform, strengthening at the same time Europe Online’s position on the Portuguese market.

Under the terms of the signed agreement, TV Babo will commercialise the Europe Online E-DSL via satellite service. TV Babo will benefit from Europe Online’s market presence, experience, and network to the fullest in order to make this undertaking a successful project.

In addition to the advantage of offering the Europe Online E-DSL via satellite service in Portugal, a Customer Technical Centre will be created to help the Portuguese subscribers of the Europe Online service, and Portuguese content will be incorporated into Europe Online’s service offer.

The Europe Online products and services distributed in Portugal by TV Babo will include the Europe Online offer commercialized across the rest of Europe. Europe Online is available on both the Astra and Eutelsat satellite systems. The TV Babo Europe Online service will start on 01 March 2003 on both satellite systems.

For more information, please contact:

Europe Online Investments S.A.
Candace Johnson
Tel. +352 719 785 1

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