Autralian TV Company Seven Invests in Mobile Content Startup

Australian TV company Seven Network will invest up to AUS$2 million ($1.51 million) in start-up mobile content company mNet, as the network revamps its faltering online strategy with the appointment of a new head of digital media. Telstra, the Australian telco behemoth, is expected to announce a broadening of its relationship with mNet for mobile content.

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