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Fastweb’s Scaglia backs broadband Babelgum

March 4, 2007 22.23 Europe/London By Julian Clover

Fastweb founder Silvio Scaglia is backing a new broadband television and on demand service known as Babelgum. Scaglia, who is still the Italian IPTV operator’s largest shareholder is investing €10 million in the new project that launches in London this week. His business partner is Erik Lumer who spent several years in strategy consulting for leading IT and Telecommunications companies both in Europe and in the United States

Babelgum will use peer-to-peer technology and will enter a test phase before the end of the month ahead of a full release later this year. The content will use professionally produced videos – putting it in competition with Joost – rather than relying on User Generated Content. However, Babelgum is looking towards the independent production sector rather than the big name brands favoured by Joost.

The company has offices in the UK and France.

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Filed Under: Newsline, Web TV Edited: 5 March 2007 07:37

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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