New York, NY (Top40 Charts) Millicom (STO:MIC)(NASDAQ:MICC), the international telecommunications and media company, announced today that it has extended its partnership with leading music streaming service Deezer to five Tigo markets in Africa.
With Deezer, Tigo
Music will launch in Ghana soon and roll out to Chad, DR Congo, Rwanda and Tanzania in the coming months.
Deezer has more than sixteen million active monthly users, five million subscribers and a catalogue of over 35 million tracks. In Africa the service will also offer a large list of locally produced content. Tigo will market and distribute the service to its growing smartphone population by bundling it with mobile data packs. In the past three months alone, an additional 500,000 people took such a pack from Tigo operations in Africa.
The launch in Africa follows the success of the partnership in Latin
America where there are already over 600,000 Tigo
Music subscribers with the service being the leading distributor of music in Colombia.
Music streaming is the fastest growing area for the global music industry and music content is already the second most popular mobile phone feature in sub-Saharan Africa. Smartphone penetration there is forecast by the GSMA to grow 30% annually in the next five years.
Millicom announced last month a partnership with one of Africa's leading digital music companies, Africori, to fund, acquire and manage music rights through a new venture called "Africa
Music Rights".
Millicom's Executive Vice-President for Africa, Arthur Bastings, said "There is a huge appetite for music in Africa and people increasingly want to choose where, when and to what they listen. So Tigo
Music with Deezer gives them the freedom to enjoy the passion and emotion of their music. It is another service that contributes to the digital lifestyle and shifts mobile use further from voice to data."
Cédric Diedrich, Head of Telecom Business Development at Deezer said: "We are excited to be extending our partnership with Millicom and look forward to bringing our service to Tigo
Music customers in Africa. The service will use Deezer's personalized human recommendations and smart algorithm to give customers access to our 35 million track strong library on its mobile platform."
About Millicom
Millicom is a leading international telecommunications and media company dedicated to emerging markets in Latin
America and Africa. Millicom sets the pace when it comes to providing digital lifestyle services to the world's emerging markets, giving access to the world, primarily through mobile devices. Operating in fourteen countries, primarily under the Tigo brand, Millicom offers innovative and customer-centric products. Millicom employs more than 16,000 people and provides mobile, cable, broadband, TV content, online and financial services to over 50 million customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue of $5.16 billion and EBITDA of $1.9 billion.
For more please visit: www.millicom.com
