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Tag: mln
Pandora lifts Q3 revenues 30%, inks USD 90 mln settlement
2015-10-23 09:28:00| Telecompaper Headlines
(Telecompaper) Pandora and a coalition of independent and major record companies have agreed to a USD 90 million settlement for Pandora's use of recordings created before 1972. The settlement was reached between Pandora and ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group. The deal resolves the use by Pandora of the recordings. The internet radio service also announced its third quarter results, with revenues jumping 30 percent year-on-year to USD 311.6 million. The net loss however grew to USD 85.93 million from a loss the year earlier of 2.02 million.
Tags: usd
settlement
revenues
pandora
Apple Music signs up 6.5 mln paying subscribers
2015-10-20 09:37:00| Telecompaper Headlines
(Telecompaper) Apple said it has 15 million users on its streaming-music service launched this summer. Speaking at the WSJDLive conference, Apple CEO Tim Cook said the company had 6.5 million paying customers for Apple Music and 8.5 million customers on free, three-month trials. After the trial period, users pay USD 9.99 a month for individual subscriptions or USD 14.99 for families. The first batch of customers came off the trial period at the end of September. In August, Apple senior vice president Eddy Cue, who is overseeing the roll-out of Apple Music, said it had 11 million people on the trial version of the service. By comparison, Spotify has 75 million active users and 20 million paying subscribers. Cook also said that the new version of Apple TV will start shipping at the end of next week. The company will start accepting orders for its new video box on 26 October.
Tags: music
apple
signs
paying
TeliaSonera considering EUR 500 mln sale of Yoigo - report
2015-10-20 09:25:00| Telecompaper Headlines
(Telecompaper) TeliaSonera is again considering the possibility of selling its 77 percent stake in Spanish mobile unit Yoigo after rival telecoms provider Masmovil Ibercom expressed an interest in acquiring Spain's number four operator, according to unnamed sources cited by Bloomberg. After nine years of activity in Spain, Yoigo still boasts over 3.4 million customers but its relatively low market share remains a concern to the Swedish parent company, which could raise around EUR 500 million from a sale of its stake, said the sources. Private-equity firms are also interested in the unit and may team up with Masmovil to push through the sale, added the sources. MasMovil has a long-held ambition to take over from Yoigo as Spain's fourth national integrated operator and recently acquired broadband assets from Jazztel that enable it to offer fibre services to around 720,000 households in Spain.
Windstream sells data centre ops for USD 575 mln
2015-10-20 08:59:00| Telecompaper Headlines
(Telecompaper) US operator Windstream has agreed to sell its data centre business to TierPoint for USD 575 million in cash. Under the terms of the agreement, the two will also establish a strategic partnership which will enable them to sell their respective products and services to each other's prospective customers through referrals. The structure will allow Windstream to focus capital on its core telecom offerings while continuing to offer traditional data centre services to enterprise customers across a broader data centre footprint.
Telefonica fined EUR 5 mln for Spanish wholesale practices
2015-10-15 09:56:00| Telecompaper Headlines
(Telecompaper) Telefonica has been fined EUR 5 million by communications regulator CNMC for repeated breaches relating to the lease of its last mile fixed backbone network to rival operators. Specifically, the CNMC accused Telefonica of failing to heed orders to provide guaranteed and fully symmetrical access to its high-capacity Ethernet circuits, especially with regard to broadband services offered by alternative operators to the business segment (large companies, SMEs and freelancers). According to the regulator, Telefonica overcharged its rivals, applied illegal permanence clauses and exceeded the established delivery times. The breaches took place between October 2010 and February 2015 and affected several operators, including BT, Vodafone and Jazztel.
Tags: eur
spanish
practices
wholesale
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