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Virtue wins $17 million pan-European webcasting deal with Interoute

News | 03/22/2001 5:00 am EST

A European telecom operator is investing $17 million in a Canadian video streaming company that will result in millions of new users for its online services. Interoute Telecommunications, which is building Europe’s largest fibre data network, has signed the U.K. subsidiary of Toronto-based Virtue Broadcasting Inc as its exclusive partner for corporate Internet broadcasting work. Virtue executives expect to see the first contracts emerge from this pan-European deal by the next quarter.

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