ROKing to the tune of $7m

ROK have just received a whoppin’ $7 million investment. Did you read about that last week? I got the news from Bruce on Friday but I’ve only just managed to get it up. What a coup eh? ROK is rocking!

ROK Entertainment Group, UK-based provider of mobile entertainment services and technologies, today announced it has raised $7 million in new investment from European institutions, as a prelude to a public flotation of the company later this year.

The investment values ROK Entertainment Group at $70 million.

Jonathan Kendrick, Chairman and CEO of ROK said “We have achieved a great deal in the mobile entertainment space over the past few years and have grown the company to some 150 staff worldwide – all through private funding. This injection of cash will see us step-up yet another gear in our global deployment of our mobile TV services and our other major applications and technologies, before we IPO later this year.”

ROK is a leading company in the development of technologies for the provision of on-demand mobile TV streamed over mass-market 2.5G GPRS, 3G and Wi-Fi.

With it’s headquarters in Wolverhampton and offices across the UK, Beijing and Los Angeles, ROK aims to deploy 30 subscription-based mobile TV services with selected mobile operators worldwide by the end of 2007.

By Ewan

Ewan is Founder and Editor of Mobile Industry Review. He writes about a wide variety of industry issues and is usually active on Twitter most days. You can read more about him or reach him with these details.

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