Deal summary
ONDAS Media SA, a media company based in Madrid, received an undisclosed investment from Delphi, an automotive company now known as Delphi Technologies PLC
- ONDAS expected to launch a full subscription-based satellite radio service in 2009 with more than 150 channels of music, sports, news, and entertainment as well as digital telematics and data services across Europe.
- Delphi provided hardware for ONDAS, was represented on ONDAS' board of directors, and provided input into the company's business and technology strategies.
- Delphi established a European satellite radio innovation center in Germany in 2006 to develop new products.
About ONDAS Media SA
ONDAS Media (ONDAS) is a pan-European media company based in Madrid. ONDAS focuses on delivering unparalleled breadth and depth of media content in superior digital quality to European consumers. With its fully integrated, state-of-the-art digital satellite transmission network, ONDAS intends to broadcast its multi-lingual radio, music, video, data and telematics services directly to European consumers in their automobiles, trucks, homes, offices and to their mobile and portable devices.
About Delphi Technologies
The company provides combustion systems, electrification products and software and controls, and operates in the passenger car and commercial vehicle markets, and in vehicle repair through a global aftermarket network. The company has 20,000 employees including 5,000 engineers. It is headquartered in London, U.K. and operates technical centers, manufacturing sites and customer support services in 24 countries.
Delphi Automotive renamed itself Aptiv and spun off its powertrain and aftermarket related businesses to a stand-alone company Delphi Technologies PLC. The $4.5 billion company began trading under the former Delphi Automotive symbol DLPH on the New York Stock Exchange. It was added to the S&P MidCap 400 Index on 6 December 2017.
"We are thrilled to welcome Delphi on board as our strategic investor and key technology provider. As Europe continues to be marked by a shortage of digital capacity, ONDAS is in the pole position to bring European customers the unparalleled depth and breadth of media content they have never been able to enjoy"
