Europe : The Mobile Media Company, one of the leading independent providers of global wireless games, interactive entertainment services, and marketing applications, today announced that the company has raised 7 million Euro to expand its 3G mobile entertainment services.

The highly rated Investment Fund provided the 7 million Euro through a long-term convertible loan issued on the London Capital market. The new funds will enable Mobile Media to accelerate its business development strategy in 2005, particularly the expansion of 3G mobile entertainment services. Already profitable in Europe, Mobile Media will also use the funds to expand operations in the North American and Asia Pacific markets.

“We believe the international scope of Mobile Media’s business is understood by the investor markets, as is the increasing demand for 3G mobile services,” says Karsten Hauge, CEO of The Mobile Media Company AS. “Our recent customer contracts have proven the value and demand for these services. This funding allows us to expand into new markets, while immediately delivering an enhanced portfolio of mobile services to our current distribution network of over 500 million mobile phone subscribers around the globe.”

The Mobile Media Company will be attending the 3GSM conference in Cannes February 14 – 16, and the CTIA show in New Orleans March 13 – 16.