Berne, 12 April 2000
Swisscom is hiving off Medialink as a management buy-out on 1 July 2000. The present head of Medialink, Christian Weber, is founding GlobalLink AG. The existing staff of 23 will then be employed by GlobalLink. The company has revenues running to six figures.
GlobalLink will continue the present activities of MediaLink in the area of audio and video transfer. The company plans and implements the transfer of audio and video signals from an event location to the destination site across radio and satellite links. Major customers include local, national, and international radio and TV companies. The strategy of GlobalLink focuses on building up event business. Activities in Europe are also scheduled for expansion.
The MediaLink hive-off is receiving financial support from the Swisscom venture fund founded in 1998. MediaLink´s operations are not part of Swisscom´s core business.