As filed with the Securities and Exchange Commission on April 13, 2000
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Antenna TV S.A.
(Translation of registrant's name into English)
Kifissias Avenue 10-12
Maroussi 151 25
Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- .
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For Immediate Release April 13, 2000
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ANTENNA TV SIGNS MOU TO ENTER INTO INTERNET-RELATED ACTIVITIES
Antenna TV announced today that it had signed a memorandum of understanding with
Internet Gold International Ltd., a subsidiary of Internet Gold (Nasdaq: IGLD)
to jointly undertake various Internet-related activities.
Internet Gold is the leading Internet service provider in Israel. It provides
Internet access and related value-added services, as well as content through its
portals. Internet Gold's nationwide network allows approximately 95% of the
Israeli population to access the Internet via a local telephone call.
Internet Gold has agreed to use its best efforts to cause one or more of the
shareholders of CompuLink Networks SA, a Greek Internet service provider, to
transfer to Antenna TV a 20% stake in CompuLink for consideration of USD $1
million, USD $200,000 of which will be paid in cash and USD $800,000 of which
will be paid in the form of advertising time on television, on radio and in
magazines to be made available to CompuLink. If Antenna acquires a 20% stake it
will be granted certain minority protection rights in CompuLink.
Antenna TV and Internet Gold will also form three new companies:
o A joint venture to be owned 70% by Antenna TV and 30% by Internet Gold to
provide content from Antenna for Compulink's Internet activities in Greece
and for the Cyprus Internet service provider.
o A 50/50 joint venture that will provide content from providers other than
Antenna for CompuLink's Internet activities in Greece and for the Cyprus
Internet service provider.
o A 50/50 joint venture that will act as an internet service provider in
Cyprus.
Theodore Kyriakou, Managing Director of the Antenna Group, said:
"We are delighted to be working together with Internet Gold, the leading
Internet service provider in Israel, and with the potential opportunity to
acquire a stake in CompuLink.
This relationship is the first step in the implementation of our Internet
strategy. Antenna aims to leverage its brand name and dominant media position
and establish itself as one of the leading Internet players in Greece. This
strategic alliance will provide Antenna TV with another vehicle through which it
can capitalize on its programming library, leverage its content and production
expertise, position itself in the new media space while also providing an
additional source of revenue from the various joint ventures and stake in
CompuLink."
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BACKGROUND NOTES
Antenna TV is the leading television broadcast network and producer of
television programming in Greece and the Greek-speaking world, and also operates
one of the leading radio stations in the country. In addition, Antenna Group has
a majority stake in Daphne Communications SA, a major Greek publishing company,
and recently acquired an option of a controlling interest in Makedonia TV, one
of the six Greek commercial TV broadcasters with a nationwide license.
Antenna TV enjoys the highest overall audience share and ratings in
Greece. Its leading innovative programming appeals to a variety of audience
segments representing a broad cross-section of the Greek population, and enjoys
strong brand recognition. Antenna offers a full range of programming including
news, talk shows and current affairs programmes, dramas, sitcoms, sporting
events, game shows and feature films.
Antenna TV produces approximately 77% of its programming aired between
7:00 am and 1:00 am (based on hours broadcast). The company's broadcast signal
reaches approximately 99% of Greece's 3.2 million television households,
representing an audience base of approximately 10.3 million people.
Since March 1999, Antenna TV's ADSs have been listed on NASDAQ and the
London Stock Exchange.
(Reuters: NASDAQ / LSE: ANTV.O / AEVDq.L).
(Bloomberg: NASDAQ / LSE: ANTV / AEVD LI).
CompuLink is a Greek Internet service provider and was created in 1995.
Its network extends to 25 contact points around Greece, and its activities
encompass web development services and integration of Internet and Intranet
systems.
Internet Gold is the leading internet service provider in Israel in
terms of the number of subscribers, based on recent surveys. The company
provides a wide range of Internet services tailored to meet the needs of
residential and business subscribers, including Internet access and related
value-added services, as well as content through the Company's portals. The
Company provides access through a nationwide network with 14 contact points,
allowing approximately 95% of the Israeli population to access the Internet with
a local telephone call.
For further information, contact:
Theodore Kyriakou Dr. Nikolaos Angelopoulos
Managing Director Chief Financial Officer
Antenna TV S.A. Antenna TV S.A.
Tel.: +301 688 6305 Tel.: +301 688 6500
Nicholas Demos Deborah Walter
Investor Relations Officer Director
Antenna TV S.A. Gavin Anderson & Company
Tel.: +301 688 6517 Tel.: +44 207 496 1420
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10-12 Kifissias Ave., 151 25 Maroussi, Athens, Greece Tel.: +3016886517
Fax: +3016886516
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ANTENNA TV S.A.
(Registrant)
By: /s/ Nikolaos Angelopoulos
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Name: Nikolaos Angelopoulos
Title: Chief Financial Officer
Dated: April 13, 2000
