$1 billion discovered under Rok
16 Nov 2007 | 17:29 GMT
Mobile tech company to float in US
THE COMPANY which brought mobile TV to your handset without requiring 3G - Rok Entertainment Group - is set to make a $1 billion from its US float.
INQ readers will be familiar with Rok's steady roll out of its technology worldwide - entering the crucial Chinese market, for example.
Rok mareketing director, Bruce Renny, explained that the money will help to create a war chest to speed up deployment of its products as well as to fund further acquisitions.
"The company is valued both for its global reach and its bleeding edge technologies," Renny told the INQ.
One of the first applications for its mobile video compression technology was to create memory cards for Nokias which came pre-loaded with content.
One of these cards was the leading British TV show, Little Britain.
Rok also ventured into the world of VoIP with its Bluetooth based Viper offering. µ
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© 2007 Incisive Media Investments Ltd. 2007