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Sky invests USD 45 mln in iflix

2016-03-09 13:09:00| Telecompaper Headlines

(Telecompaper) European pay-TV provider Sky announced an agreement to invest USD 45 million in iflix, a streaming service in Southeast Asia. The deal will include the purchase of USD 2.5 million of iflix shares from existing investors. Under the new partnership, the parties will work together to identify areas of collaboration across the high-growth emerging markets in which iflix operates.

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Category:Telecommunications

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