TVG views each investment as a partnership with management and other shareholders. We believe in creating value for the partnership by actively participating in areas of our expertise.

Partner Testimonials:

	hanarotelecom	Byung Moo Park, CEO
	TVG was a key member of the foreign investor consortium that recapitalized and restructured hanarotelecom. TVG’s expertise and network in the communications industry has become an important asset for us. TVG’s contribution at the Board level and beyond has been notable and we look forward to continuing our partnership in growing hanarotelecom.
	TransACT Communications	John Mackay, CEO
	It is a pleasure to work with the guys at TVG. Unlike many, they actually understand the new technologies and businesses of the future, including our VDSL-based, broadband Open Access Network. TVG also demonstrated to TransACT their ability to move both quickly and decisively in creating a flexible investment structure.

	Initech	Jae Geun Kim, CEO
	I think of TVG more as a partner than just an investor. TVG has helped Initech grow from our early days as a private company to our current position as one of the leading listed Internet security solutions providers in Korea. TVG has continuously contributed to developing our strategy, our sales network and our organization. They are an important part of the Initech family.

	Japan Telecom	Ronald LeMay, Former COO
	When selecting investors for the buyout of Japan Telecom, the largest leveraged buyout transaction in Japan to date, TVG emerged as an ideal investor. Their deep understanding, significant expertise, and extensive network in the Asian communications space are unmatched. We are delighted to have them as one of our key investors.

	Harbour Networks	Yinan Li, CEO
	Harbour Networks welcomes TVG!&s participation. TVG is a premier investor in the communications space across the Asia Pacific region, and adds significant value to our business both in China and abroad. TVG will be a key partner for us as we look to expand our customer base and product suites.
	Saehan Enertech	Jae Bong Lee, COO
	TVG has delivered on its promise of being a dedicated partner since day one. They have stood behind Saehan financially, assisted us in honing our strategy, bolstered our management team, and expanded our sales capabilities through their global network. The combination of their understanding of the communications components sector and their investment expertise makes them an ideal partner.
	WorldxChange	Richard Vincent, Former CEO
	TVG is a first class organization. As the CEO of two different TVG investments, I found that they add value at every step of the growth process. TVG gives positive and valuable feedback and input. TVG is the always part of the team.
	PowerTel	Paul Broad, Managing Director
	Since becoming the major shareholder in PowerTel and successfully recapitalising the business, TVG has facilitated and supported the acquisition of Request Broadband in conjunction with raising the Company's market profile and credibility. TVG's active pursuit of consolidation opportunities in the Australian communications market continues to present PowerTel with numerous opportunities that would not otherwise be available to help the Company increase scale, as a viable competitor to the incumbent. This, coupled with TVG's considerable M&A experience and sector expertise make TVG an invaluable partner and shareholder.

	inter-touch	John Houston, Former CEO
	TVG is the perfect Asian partner because of its extensive pan-Asian footprint of investments and contacts which is useful given inter-touch operates in 31 countries globally and 13 in Asia. From a shareholder perspective they provide strong financial support which, if needed, can be quick and decisive. As a partner, they can help think through major issues of strategy and bring to bear their considerable sector expertise. As an active controlling shareholder, TVG was instrumental in helping to identify, analyze, structure, and negotiate the successful, very profitable sale of the business to NTT DoCoMo of Japan in 2004.

	Cellon	Jason Sun, CEO
	TVG is not just an important financial investor but is also a key strategic partner to Cellon. As a financial investor, TVG provides guidance to Cellon on issues such as corporate governance, management recruitment, mergers and acquisitions. As a strategic partner, TVG utilizes its deep industry knowledge and wide network to help Cellon promote strategic alliances, acquire new customers, formulate business plan, etc. Cellon can't think of a better financial and strategic investor.

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