Combined expertise and facilities will offer international broadcasters a major gateway to and from Asia

Singapore and Hong Kong, 5 June 2008 – Content management and delivery company GlobeCast and Pacific Century Group have reached a conditional agreement for the acquisition by GlobeCast Asia of Hong Kong-based broadcast services company Pacific Century Matrix (HK) Limited (PCM). _
When the transaction is complete, PCM will be renamed GlobeCast Hong Kong – GlobeCast’s fifth office in Asia and 18th office worldwide. The acquisition will give PCM clients access to the worldwide reach of GlobeCast, a full subsidiary of France Telecom, while retaining PCM’s expertise and personnel.

GlobeCast and PCM’s international roster of clients will benefit from the companies’ combined resources, including two major technical hubs in Singapore and Hong Kong. The Hong Kong teleport and MCR facility will also be interconnected with GlobeCast’s 12 other teleports and technical operations centres around the world, as well as with the company’s extensive satellite and fibre content distribution network. The result will be an increased capacity to offer worldwide solutions for broadcasters coming to and from Asia.

GlobeCast Asia CEO, David Justin, said: “The addition of PCM to the Group will serve to dramatically increase the growth that GlobeCast has already been seeing in Asia for the past few years. PCM comes to us with a strong reputation and invaluable expertise, not to mention a service offering and culture that is very compatible with our own.”

Guenter Kring, PCM CEO added: “PCM is delighted to join the GlobeCast Group. We see a huge potential for developing new and beneficial services for our combined client base, while continuing to offer the same high-quality of service that our respective customers have come to expect.”
This 100% acquisition of PCM, founded in 1999, confirms GlobeCast’s continued commitment to the Asian broadcast market. In the past five years alone, GlobeCast has made significant investment in Asia, adding three new offices (Beijing, Seoul and now Hong Kong) to its portfolio, creating important partnerships to expand facilities and services, and increasing its fibre interconnection and satellite capacity in the region.

Neither the terms of the agreement nor the transaction amount were disclosed.