S'pore, Swiss firms tie up

S'pore, Swiss firms tie up

SINGAPORE (AFP): Media giant Singapore Press Holdings Ltd. on Friday announced a joint venture between its multimedia unit and Swiss-based The Fantastic Corp. to offer high-speed broadband multimedia products in Asia.

SPH Multimedia Pte. Ltd. will take a 40 percent stake in the joint venture, while Fantastic, which is listed on the Frankfurt Exchange, will hold the rest, a statement said.

The paid-up capital of the joint venture is US$10 million.

The joint venture's main customers will telecommunications companies and other broadband infrastructure owners.

The venture will put together broadband content to be carried on the broadband infrastructure, including interactive television products and multimedia products for personal computers and mobile phones.