Seven service Engin for $26m

The Seven Network is set to fork out $26 million for a 33 percent shareholding in broadband telephony company, Engin.

In what's being dubbed as a "strategic partnership", Engin will take three Seven executives as directors on its board. These include Seven Network Limited director, Ryan Stokes, executive director, Bruce McWilliam and head of Seven's digital media business, Rohan Lund.

"It's an exciting partnership because Engin's telephony offerings and customer care services have the ability to touch customers while Seven and Yahoo have the ability to deliver to customers," Engin CEO, Ilkka Tales said.

He added there are strong expectations from both parties that the partnership would accelerate the growth of Engin and help push its telephony services to mainstream audiences through Seven's digital television, online and print portals.

Although Tales would not elaborate on future collaborative ventures with Seven, he said both parties were looking to develop new services to converge Internet telephony with set-top boxes, mobile handsets and PCs.

In a jointly issued statement, Seven Network director Ryan Stokes, said Engin's scalable customer platform and retail distribution network was well positioned to take advantage of the continuing growth of broadband in Australia.

"Seven is rapidly developing its presence in new communications technologies and consumer services, building on our strengths in media," he said. "We are developing a fully integrated media company across all forms of communications and Engin provides a strong platform for our development in digital media."

The partnership will get the green light if shareholders agree to the sale at a meeting set for October 30. Tales said the board of directors is "strongly recommending" a vote in favour.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?