Terra Networks Sign Strategic Internet Distribution Agreement With JumpTV

Terra Networks Sign Strategic Internet Distribution Agreement With JumpTV

More Than 38 Million Users to Have Access to JumpTV's International Internet Television Content

NEW YORK, July 14 /PRNewswire/ -- JumpTV (www.jumptv.com), the world's leading online television network, announced it has signed a multi-year agreement with Terra Networks, the leading internet portal in Latin America, to distribute its international, Internet television content to Terra customers in 17 Latin American countries. Terra is a subsidiary of Telefonica, S.A. (NYSE:TEF), one of the world's largest telecommunications companies serving more than 180 million customers in Latin America, Europe and Africa.

Through the agreement, users of Terra portals throughout Latin America will have access to JumpTV's circa 200 channels from more than 65 countries, including Bandeirantes (Brazil), America TV, Telefe Internacional, Canal 9 (Argentina), TVE, TV Chile and VTV Uruguay, among many others. JumpTV's streamed content will be presented through the Terra portal as part of a broadband content offering currently planned within its TV Terra service. This content will be made available to all Terra Latin American customers on an ad-supported basis.

"As the premier internet company in Latin America, Terra was a natural partner for JumpTV," said Kaleil Isaza Tuzman, president and chief executive officer of JumpTV International.

"Considering global demographics, the growing penetration of broadband Internet access worldwide and the composition of our broadcast channel line- up, a significant portion of JumpTV's existing and future customers will come from the Spanish and Portuguese-speaking world. Combining these global trends with Terra's strong presence as the leading Internet company in Latin America, a clear marriage of objectives has been created," added Isaza Tuzman.

Beginning this summer, Terra users in the following countries will be able to easily access JumpTV's live and on-demand video content: Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.

As per Internet World Stat, Internet usage in Latin America grew nearly 330% between 2000 and 2005; according to Research and Markets broadband penetration grew at an approximate annual rate of 75% in 2005, making Latin America one of the world's fastest growing areas in broadband uptake. The Latin American broadband leaders are Brazil, Mexico, Argentina and Chile.

"With this partnership, we are able to offer JumpTV's portfolio of 200 channels to all Terra users in Latin America, along with TV Terra, setting a strong foothold in the Internet television medium," said Fernando Madeira, chief executive officer of Terra in Latin America. "JumpTV is an ideal partner, as they recognize the diversity of Terra's 38 million unique visitors per month and provide a platform with a wide range of content that can be viewed anywhere, anytime."

About Terra Latin America

Terra Latin America operates in 18 countries, including the USA, with approximately 5 million subscribers, 1.7 million broadband customers and 38 million unique visitors per month. In 2005 Terra Latin America reported net revenues of euro 267 million. The primary countries served by Terra Latin America are: Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, United States, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Puerto Rico, Dominican Republic, Uruguay, and Venezuela. The Terra portals in Latin America and the U.S. are owned by Telefonica Internacional S.A.

About Telefonica, S.A.

Grupo Telefonica currently operates in 19 countries in Europe, Africa and Latin America, having expanded outside of Spain approximately 15 years ago. Telefonica also holds shares in one of the major telecom companies in China. This successful international expansion has allowed Telefonica to grow from 8.9 million clients in 1984 to 186 million clients in the first quarter of 2006. During this period, the company's workforce has grown from 67,000 to 220,000 employees. Grupo Telefonica has investments in companies in Latin America equal to more than euro 70 billion.

Telefonica Internacional, S.A.U. (TISA), directed by Jose Maria Alvarez- Pallete, manages, among other areas, Telefonica's telephony and Internet operations in Argentina, Brazil, Chile, Peru and Colombia (the latter most recently added through its Colombia Telecom acquisition). TISA recently announced that it surpassed 2.5 million ADSL clients in the Latin American region, and expects to reach 5.5 million clients in 2009.

About JumpTV

JumpTV is a pioneer in the delivery of international television over the Internet. With over 200 channels from 65+ countries, JumpTV delivers its subscribers full-screen news, sports and entertainment content on a real-time basis from all corners of the globe. JumpTV has subscribers from over 80 countries who view channels on the JumpTV online network via ordinary Internet connections on their home computers, laptops, Internet-enabled televisions and mobile phones.

For a preview of the JumpTV subscriber experience, or to become a broadcast partner, please visit us online at www.JumpTV.com.

Contact: Lewis Goldberg Danielle DeVoren
+1212-896-1216 +1212-896-1225
lgoldberg@kcsa.comddevoren@kcsa.com

Source: JumpTV

CONTACT: Lewis Goldberg, +1-212-896-1216, lgoldberg@kcsa.com, or
Danielle DeVoren, +1-212-896-1225, ddevoren@kcsa.com

Web site: http://www.jumptv.com/

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