Spain's ONO Goes With TiVo

MADRID, and ALVISO, Calif. -- ONO, the largest cable operator in Spain and a leading provider of broadband communication and entertainment services, and TiVo (NASDAQ: TIVO), the creator of and a leader in television services for personal video recorders, announced today that they have signed a strategic agreement to deploy ‘next generation TV’ in Spain. Through the combination of its modern fibre optic network and TiVo’s best in class television user experience, ONO will be able to offer Spanish homes the most advanced video service on the market, in a seamless convergence between Internet and traditional television content.

This partnership establishes ONO as the exclusive distributor of TiVo’s advanced television services in Spain. Similarly, TiVo will become the exclusive software provider for all next generation set top boxes deployed by ONO, including both PVR platforms and traditional “non-PVR” set top boxes. ONO and TiVo also expect to collaborate on solutions that make the TiVo experience available to consumers beyond ONO’s cable footprint in conjunction with terrestrial and Internet delivered content – though specifics of these plans were not disclosed.

Endorsed by its undeniable success in the US, the TiVo® service is a completely novel experience on the audiovisual panorama. According to Rosalía Portela, the CEO of ONO, “Working with a strategic partner of the stature of TiVo, a pioneer and innovator in the development of a converged recording system and in the implementation of a new model of television in other countries, allows us to make the leap to launching the next generation of TV in the market. Our fibre optic network combined with the capacity of TiVo will position us at the cutting edge of advanced next generation services for the Internet and Television.”

ONO

TiVo Inc. (Nasdaq: TIVO)