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MOBITV RECEIVES $70 MILLION INVESTMENT LED BY OAK INVESTMENT PARTNERS

First Close in Series C Financing Fuels Expansion to Satisfy Overwhelming Global Demand for the MobiTV® Service

EMERYVILLE, CA – July 12, 2006 – MobiTV, Inc. the global leader in television and digital radio services for cellular, WiFi and broadband-enabled devices, today announced the successful first close of the company's Series C financing. The $70 million investment led by Oak Investment Partners will fuel the Company's rapid expansion in response to the overwhelming demand for its mobile television and radio service across international markets. Oak Investment Partners' Bandel Carano will join MobiTV's board of directors as part of this investment.

MobiTV's products already reach more than one million paying subscribers across the globe who can now watch top news, sports, entertainment and music videos on their mobile devices. The Company recently expanded its product line to deliver the MobiTV® service to personal computers across WiFi and other broadband networks and announced the commercial availability of the MobiTV service in Latin America.

"We have taken tremendous strides to develop this rapidly emerging market across three continents over the last few years," said Phillip Alvelda, CEO, chairman and co-founder, MobiTV. "These rather substantial funds will help us capitalize on MobiTV's head start and position as the premiere brand in mobile television. We plan to use these funds to provide even more television content on more devices, across more networks, and in more countries around the world."

"MobiTV has a unique position in the mobile television market, serving as the leading content aggregator, delivery system and technology expert for carriers," said Bandel Carano, Managing Partner, Oak Investment Partners. "This investment underscores our belief in the future of media delivery through handheld devices and PCs, and MobiTV is at the center of this change in both media delivery and consumer behavior."

MobiTV, founded in 1999 and headquartered in Emeryville, California, first launched its mobile TV service in November of 2003. Since that time, MobiTV has expanded to serve major domestic carriers including Sprint, Cingular and Alltel and has also grown internationally. The MobiTV service reaches mobile subscribers through more than 20 carriers around the globe including Bell Canada, Rogers and TELUS in Canada, 3 and Orange in the UK, and América Móvil in Latin America.

About Oak Investment Partners
Oak Investment Partners is a multi-stage venture capital firm with a total of $8.4 billion in committed capital. The primary investment focus is on high growth opportunities in communications, information technology, Internet, new media, financial services information technology, healthcare services and consumer retail. Over a 28-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 450 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets, and provided growth equity to mid- and late-stage private businesses and to public companies through PIPE investments.

About MobiTV 
MobiTV, Inc. is the first mobile television and digital radio service provider for cellular, WiFi and broadband enabled devices worldwide. The MobiTV® service for mobile is available in the US through Sprint, Cingular and Alltel; in the United Kingdom through 3 and Orange UK; to Canadian customers through Bell Canada, Rogers and TELUS Mobility; through América Móvil in Latin America; and other regional carriers around the world. MobiTV can be accessed on laptops via the AT&T WiFi network. The Emmy® Award winning service has more than one million paying subscribers and offers many popular TV channels from content providers such as MSNBC, ABC News Now, CNN, Fox News, Fox Sports, ESPN 3GTV, NBC Mobile, CNBC, The Discovery Channel, TLC and The Weather Channel, along with cartoons, music videos, comedy and more. Founded in 1999, MobiTV is a privately-held company headquartered in Emeryville, CA. For more information please visit www.mobitv.com