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IPTV Firm Inuk Networks Bags £9.5m investment

S4C Digital Media and Wesley Clover, an investment firm held by Sir Terry Matthews, have jointly invested in the IPTV firm Inuk.

Inuk intends to use the money to develop their Freewire triple-play service, which allows its users to use broadband and telephony services along with the service to have broadcast quality T.V channels streamed directly to their PCs.

So far the technology is only available at student accommodations.

It makes it possible for those students to watch TV who have a telephone connection for their computers in their rooms but do not have TV aerial sockets.

Inuk is in a deal with Janet, the academic communications network to give to the students a package of 50 channels for 9.99 pounds per month.

With the venture S4C wants to bring to the people new methods of delivering entertainment.

S4C believes that Freewire Technology can become a mainstream digital television platform.

So far only 40,000 people signed up for its service but with the investment Inuk aims to improve the platform of technology and radically change the way people watch television.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.