NETIA raises 3.2 million euros

NETIA raises 3.2 million euros :

Claret, July 7, 2005 : NETIA has completed a round of funding that raised € 3.2 million euros.

This capital increase was provided by two new financial investors, ACE Management and BNP PARIBAS Private Equity, as well as by NETIA's traditional shareholders (NSI, I-Source Gestion, Mangrove Capital Partners, and Soridec).

The purpose of this € 3.2 million round of funding is to accelerate NETIA's growth in the face of the fundamental transition of media markets towards information technologies. NETIA is now fully committed in this direction with the launch of ambitious research & development projects in respective fields, including audio, video, mobility, and the Internet. These technological investments are made in close partnership with leading companies in several fields, and with several of NETIA's current prestigious customers.

"Our strong presence during the next IBC conference from September 9 to 13, 2005 in Amsterdam will emphasize our intention of becoming a major player in the management and broadcasting of audio and video content over IP," said Christophe Carniel, NETIA CEO.