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Article: Stream Communications Reports Stream Poland Acquisition of Homenet.
- Article from:
- PR Newswire
- Article date:
- November 4, 2008
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WARSAW, Poland, Nov. 4 /PRNewswire-FirstCall/ -- Stream Communications Network & Media Inc. (the Company or Stream Communications) (Pink Sheets: SCNWF) announced today that Stream Communications Sp z o.o. (Stream Poland), controlled by Stream Communications and Penta Investments ("Penta"), has closed the acquisition of Internet provider Homenet Technologies Sp z o.o. ("Homenet") with a network located in Gdansk, Poland, for PLN 9,000,000.
As of June 30, 2008, Homenet had 5,850 Revenue Generating Units (RGUs), that include Internet, VoIP, and AV (Analog Video) subscribers. The number of Homenet RGUs will be verified by the end of November 2008, and the ...