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EU regulators to warn Telenor, TeliaSonera about Danish deal: sources

2015-06-23 00:37:20| Telecom - Topix.net

EU antitrust regulators will this week warn Norwegian telecoms company Telenor and Sweden's TeliaSonera about the adverse impact of their plan to combine forces in Denmark, two people familiar with the matter said on Monday. Telenor and TeliaSonera are seeking to boost margins in their toughest market by merging their Danish mobile activities, allowing them to better compete with former incumbent TDC and Hutchison Whampoa's majority owned Hi3G.

Tags: deal sources danish warn

EU regulators to warn Telenor, TeliaSonera about Danish deal: sources

2015-06-23 00:01:15| IT Services - Topix.net

Tags: deal sources danish warn

Spotify raises USD 526 mln, sells stake to TeliaSonera

2015-06-10 10:03:00| Telecompaper Headlines

(Telecompaper) TeliaSonera said it has made an equity investment into Spotify of USD 115 million and that it has extended its cooperation with the music streaming company after working together five years. Under the new strategic partnership, TeliaSonera paid USD 115 million for a 1.4 percent stake. Both companies are also committing resources, staff and other assets to ignite their joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up to run the projects. Spotify recently raised USD 526 million during its latest funding round, the Wall Street Journal reported. The round values the company at USD 8.53 billion, sources said. Spotify wants to invest in expansion and new forms of content as it faces a growing set of challengers.

Tags: usd sells raises stake