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Multiemedia hives of tech distribution business

Stuart Corner
Thursday, 16 March 2006 17:17

IT Industry - Deals

    ASX listed satellite services provider, Multiemedia, has fulfilled its earlier-stated aim of selling off its technology distribution business, MTD, in order to concentrate on its international satellite services business.


Multiemedia said the sale, to a syndicate, "frees up Multiemedia to concentrate on its burgeoning satellite services business and follows the recent successful acquisition of Mediaports in Adelaide and Perth from New Skies Satellites BV of The Netherlands."

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