WPP Group PLC
23 March 2007
FOR IMMEDIATE RELEASE 23 March 2007
WPP GROUP PLC ("WPP")
WPP acquires stake in iconmobile GmbH in Germany
WPP announces that it has acquired a 40% stake in iconmobile GmbH,
("iconmobile") a leading mobile marketing network. iconmobile specialises in
strategic planning, concept development and user interface/mobile design for
both content providers and mobile operators. iconmobile's subsidiary and
associated companies include: icon impact, which specialises in entertainment
formats; and imt, a technology provider and innovation lab.
Founded in 2003, iconmobile is head-quartered in Berlin with other offices in
Munich, Antibes, London, Los Angeles, Sydney and Tokyo. Clients include O2,
Orange, Vodafone and France Telecom,
iconmobile's consolidated revenues for the year ended 31 December 2006 were Euro
6.6 million. The gross assets acquired at the date of acquisition were
Euro 6 million.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors.
Contact:
Feona McEwan, WPP +44 (0)20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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