| Fri 15 Feb 2002, 0:00 | | Mih Migrates Internet Management Experience To Asi |
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MIH Holdings Ltd
(Incorporated in the Republic of South Africa)
Registration number 1993/005613/06
Share Code: MHH
ISIN Code: ZAE000018941
"MIH Holdings Limited subsidiary, MIH Limited (listed on the Nasdaq and
Euronext Amsterdam exchanges) issued the following press release today:"
Contacts: Mark Sorour Beverley Branford
Investor Relations Investor Relations
MIH Limited MIH Limited
+31 (0) 23 556 2871 +31 (0) 23 556 2636
Msorour@mih.net Bbranford@mih.net
MIH MIGRATES INTERNET MANAGEMENT EXPERIENCE TO ASIA
Amsterdam, The Netherlands, 15 February 2002: MIH Limited (NASDAQ & Euronext
Amsterdam : MIHL), the Subscriber Platforms and supporting Technologies
Group, today announced key management changes at its Internet businesses.
MWeb South Africa CEO, Antonie Roux, who led the group's South African
operations to market leadership moves to head up the Internet operations for
the group. This move is expected to benefit the group's Asian operations by
migrating Roux's extensive operational experience in its South African
business, which is the leading internet service provider.
Having pioneered and strategically positioned the group's Asian internet and
television interests, outgoing internet head Hans Hawinkels, will continue
to advise the Board on Asian internet and television strategy.
ENDS
About MIH Limited
MIH Limited is listed on both NASDAQ and the Euronext Amsterdam Stock Market
- ticker: MIHL.
The Group's activities are focussed on subscriber platforms providing
subscription, television and internet services to over 2 million paying
subscribers in Africa, the Mediterranean and Asia. 59% of its subscriber
base consists of digital subscribers. Across its platforms MIH has secured
long-term rights to premium movies, major sporting events and popular
children's programming, all of which are tailored for the local market. The
television platforms also provide a range of interactive services such as
online games, shopping, banking and on-demand information. MIH has a holding
in QQ, the most pervasive instant-messaging platform in China.
Supporting its subscriber platforms, MIH's technologies, including OpenTV,
Irdeto Access and Mindport, provide interactive, encryption, customer care
and billing and other related services to channel and platform operators
worldwide. OpenTV builds a complete software and infrastructure platform
that enables digital interactive television and brings on-demand content to
other digital communications devices. OpenTV's software has been shipped
with or installed in more than 23.5 million digital set-top boxes worldwide
and has been selected by 50 digital cable, satellite and terrestrial
communications networks in over 50 countries.
Disclaimer: This news release contains "forward-looking statements". These
forward-looking statements are subject to a number of risks and
uncertainties that could cause MIH Holdings' and MIH Limited's actual
results to differ materially from those contemplated herein, including but
not limited to, the risk factors detailed in our Annual Report on Form 20-F
and other reports filed from time to time by MIH Holdings and MIH Limited
with the Securities and Exchange Commission MIH Holdings and MIH Limited
undertake no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise, except
as may be required by law. Investors are cautioned not to place undue
reliance on any forward-looking statements contained herein.
www.mih.com
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