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ONO and TiVo to Expand High-Definition Hybrid TV Solution in SpainFollowing Successful Launch in Selected Markets, Spain's Largest Cable Operator to Expand Deployment of High Definition, Broadband-Connected Set Top Box to Valencia (March 02, 2012)
MADRID, SPAIN and ALVISO, CA -- (Marketwire) -- 03/02/12 -- ONO, the largest cable operator in Spain and a leading provider of broadband communication and entertainment services, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for personal video recorders, today announced that following their initial launch in Madrid and Barcelona, its next generation hybrid television offering is now available to ONO fiber optic subscribers in Valencia.
For the first time, ONO fiber optic customers in Valencia can now access high-definition (HD) and 3D video content as well as a digital video recording (DVR) and all through the TiVo experience. In addition, ONO offers these TiVo customers thousands of hours of broadband-delivered on demand video. As a result, even more ONO customers are able to enjoy the most advanced hybrid television services available in Spain.
Fernando Meco, Marketing TV Director, ONO, explained, "Since the launch of our TiVo offering in Madrid and Barcelona we have seen an incredible response from customers that have embraced this new world of on demand and Internet-delivered content. We are thrilled to expand the TiVo solution to even more of our customers, building on ONO's promise to provide best in class products and services thanks to our fiber optic network."
Joshua Danovitz, VP & General Manager, International, TiVo Inc., added, "Through the combination of ONO's industry-leading broadband network, extensive television library and the TiVo HD DVR, ONO customers are now enjoying a hybrid television experience that is second to none, and will forever change the way they think of television."
TiVo and ONO plan to soon expand into additional Spanish markets throughout the coming year. As part of this next rollout customers in Valencia can now sign up to receive the TiVo DVR from ONO or learn more by visiting http://www.ono.es/tivo/.
ONO is the leading broadband communication and entertainment provider in Spain. It offers integrated telephone, television and Internet services to its residential customers. In this segment, it has close to 4.3 million services contracted (RGUs) and over 7 million users. ONO also offers value-added telecommunications services to SMEs, large companies and institutions. ONO has the largest next generation fibre optic network available in Spain. ONO closed the year 2010 with total earnings of EUR 1.472 billion and operating profits of EUR M725 (EBITDA).
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite, and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry. www.tivo.com.
TiVo, the TiVo Logo, Season Pass and WishList are trademarks or registered trademarks of TiVo Inc.'s subsidiaries worldwide. © 2011 TiVo Inc. All rights reserved.
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