Sweden to launch interactive TV service

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Kabelvision, a cable TV subsidiary of Sweden's Kinnevik group, will invest more than $16 million in a new cable TV interactive network in Stockholm capable of offering interactive media services, including video-on-demand, home shopping, Internet and standard telephone services such as directory inquiries.

"We hope that work on the new service will start in January 1996 and the first broadcasts will begin in March," says Kabelvision's Project Manager Michael Buch. Forty percent of Kabelvision's shares are owned by two U.S. investors, Time Warner and United Communications International, which each hold 20%.

Copyright December 1995 Crain Communications Inc.

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