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 September 2013

Accedo and TEO partner to bring IPTV gaming to Lithuania

London, 10 March 2008 – Accedo Broadband today announced the inclusion of its interactive gaming applications in “Interactive GALA”. “Interactive GALA” is an IPTV TV service which is supplied by the telecom market leader in Lithuania, TEO LT, AB.

Subscribers to the game service are able to enjoy a large selection of games from the Accedo Application Portfolio. This contains the largest portfolio of casual games for IPTV, such as casino, cards, puzzles, strategy, board games and quizzes.

“We have been impressed by the high growth of the “Interactive GALA” IPTV service (+300 % in 2007) and we believe that the Lithuanian market is showing a huge potential,” commented Michael Lantz, CEO, Accedo Broadband. “Casual gaming on the TV has proven to be a popular activity and it is our firm belief that usage will continue to grow considerably over the next few years.

“We are successfully cooperating with Accedo Broadband to add gaming to enhance our IPTV service, customer experience and to increase ARPU,” commented Nerijus Ivanauskas, Chief Marketing Officer of TEO. “Their huge gaming portfolio and experience in this field made them our reliable and professional partner in this area.”

About Accedo Broadband
Accedo Broadband is a leading provider of interactive content and applications for IPTV and broadband enabled consumer electronics. Accedo Broadband provides the largest available multi-platform portfolio of IPTV applications, Accedo Application Portfolio”, containing e.g. IPTV games, quizzes, puzzles, video art, comics, karaoke, weather and communication. Accedo offers a turnkey solution compatible with most IPTV and online CE platforms including e.g. a IPTV multiplayer gaming solution.

Accedo is a privately held company founded by telecom and media entrepreneurs Michael Lantz and Fredrik Andersson and primarily backed by Swedish VC Industrifonden. Accedo Broadband is headquartered in Stockholm, Sweden with branch offices in London, San Francisco and Hong Kong.

For more information, visit www.accedo.tv.

About TEO LT, AB
TEO – the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT and TV services to residents and business. Having the largest experience in the telecommunications business in Lithuania, the Company pays exclusive attention to high quality of services and satisfaction of customer needs. 60 per cent of the Company’s shares are indirectly owned by TeliaSonera AB, one of the largest telecommunications corporations in the Nordic and Baltic countries. TEO LT, AB shares are traded on the Vilnius and London Stock Exchanges.

For more information, visit www.teo.lt/en.

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