Bloomberg Media Group Announces Formation of Bloomberg TV Mongolia

Hong Kong: Bloomberg Media Group today announced the formation of Bloomberg TV Mongolia, a new Bloomberg Television channel in partnership with The Trade & Development Bank of Mongolia (TDB), the oldest and one of the largest banks in Mongolia. Bloomberg TV Mongolia, scheduled to launch in March 2012, targets a fast-developing region in Asia, with one of the best-performing stock markets in the region and an economy driven by growth in commodities and exports to China.

“Bloomberg TV Mongolia is the first business and financial news network targeted at this rising new market in Asia,” said Gary Groenheim, Commercial Director of Bloomberg Television, Asia-Pacific. “We’re pleased to partner with TDB to offer the local population better access to international business news, as well as serve business travelers as Mongolia continues to play a greater role in global trade and exports to China.”

“Mongolia is a booming and developing economy. Bloomberg TV Mongolia will target the political decision makers and business leaders of Mongolia with essential and accurate news, data and analytics. As all Mongolians now own shares in the Tavan Tolgoi Mining Project, the channel will be a valuable new education source.” said Randolph Koppa, President of TDB. “Today, TDB introduces a new era of media to Mongolia. With its partner, Bloomberg Media Group, TDB will present a powerful combination of expertise and knowledge of the local economy with global business and financial insight.”

Bloomberg TV Mongolia will offer a mix of locally produced, local language content as well as English language news from Bloomberg Television, the 24-hour global business and economic news network available in over 270 million homes worldwide. The network will be headquartered in Ulan Bator.

The only truly global business news network with hubs in New York, London and Hong Kong, Bloomberg Television covers business and financial news, markets and economic events worldwide. Trade & Development Bank of Mongolia is a leading bank in the country and the oldest commercial bank in Mongolia, established in 1990 and fully privatized in 2002.

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