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Global OTT TV, video revenues to reach USD 51.1 bln in 2020
2015-06-15 09:31:00| Telecompaper Headlines
(Telecompaper) Global OTT TV and video revenues will jump to USD 51.1 billion in 2020 from 4.2 billion recorded in 2010 and the 26.0 billion expected in 2015, according to a study by Digital TV Research, attributing part of the strong rise to Netflix's aim of establishing operations in 200 countries. The US will continue to lead, with OTT TV and video revenues rising by USD 16.6 billion between 2010 and 2020 to USD 19.1 billion. China's OTT TV and video revenues will rocket to USD 2.8 billion in 2020 from 40 million in 2010, pushing China into fourth place in the world ranking. OTT revenues will exceed USD 1 billion in 11 countries by 2020.
Google looks to invest in USD 700 mln Kenya wind farm
2015-06-12 13:53:00| Telecompaper Headlines
(Telecompaper) Google is in talks to become an investor in the USD 700 million, 40,000 acre Lake Turkana Wind Power Project in Kenya, CNBC reported, citing sources. The project's 310 megawatt capacity is expected to boost Kenya's installed energy capacity by 20 percent. If the deal gets finalised, which is not yet a given, Google would be a minority stakeholder. Google declined to comment on the report and Turkana said that the company was not yet involved in the project. Turkana has raised all the investment it needs. Kwame Parker, head of power and infrastructure for East Africa at South Africa's Standard Bank, noted that if Google did take a stake, it would be a significant vote of confidence for investors considering African power market entry. Parker helped arrange financing for Turkana but declined to comment more specifically on Google's plans.
US internet ad revenues reach USD 13.3 bln in Q1 - IAB
2015-06-11 23:17:00| Telecompaper Headlines
(Telecompaper) US internet ad revenues amounted to USD 13.3 billion in the first quarter, according to the latest IAB Internet Advertising Revenue Report. This new industry high represents a 16 percent increase over 2014's first quarter record-setting total of 11.4 billion. The report attributed the rise to brand and media agencies' increasing commitment to digital marketing, especially on interactive and tailored messaging.
Tags: internet
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Latin America e-commerce to be worth USD 100 bln in 2018
2015-06-11 13:54:00| Telecompaper Headlines
(Telecompaper) E-commerce in Latin America will generate USD 100 billion in 2018, representing an increase of 177 percent over 2014, according to a survey by IDC commissioned by PayPal, reports Telesintese. The research analysed digital consumer habits in six countries: Argentina, Brazil, Chile, Colombia, Mexico and Peru.
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.
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