LONDON-- Digital television technology group Mirada PLC (MIRA.LN) Friday announced the commercial launch of a new TV service based on its technology by the Spanish telecoms group Telefónica SA's (TEF) audiovisual subsidiary Movistar+.

"It has been a pleasure to start the collaboration with Telefónica in Spain with such a relevant project," said Mirada Chief Executive Jose Luis Vazquez.

Shares at 0717 GMT, up a penny, or 7.4%, at 11 pence valuing the company at GBP12.4 million ($19 million).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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(END) Dow Jones Newswires

September 11, 2015 03:35 ET (07:35 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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