Aspiro Mobile Solutions sold to LINK Mobility

Press release from Aspiro

Aspiro Sells Mobile Solutions – frees up resources for the fast growing music service WiMP and TV-streaming

Aspiro has signed an agreement with LINK Mobility AS on the sale of the business area Mobile Solutions in the Nordic and Baltic countries. Aspiro thus frees up additional resources for TV and music service WiMP, which before the summer passed 300,000 paying users, three times the amount in the beginning of the year.

The divestment of Mobile Solutions is the final step in a long term process to reposition Aspiro. In order to streamline the company in the direction of music and TV streaming, Aspiro in the last year also sold its former business area Mobile Entertainment and other small businesses. Music streaming service WiMP is the flagship of the new Aspiro, which now consists of business areas Music, TV and Mobile Search.

 “Aspiro has a very aggressive growth strategy in the music and TV areas. Meanwhile, mobile business services also has great potential and we are sure that LINK Mobility is better positioned to lead the development of that market, where there are several mid-sized players and need for consolidation. This deal will free up more resources for our focus areas of music and TV, where we have high aspirations“, says Gunnar Sellæg, CEO of Aspiro.

 

Aspiro in Brief
Aspiro has unique positioning as the world’s only provider of both streaming music and TV services delivered as a complete hosted white label service to partners. Aspiro also delivers music streaming service WiMP directely to consumers in Scandinavia. Aspiro utilize over ten years mobile technology and retail experience, delivering its premium services to companies worldwide including Deutsche Telekom, Telefónica O2, Telenor, 3, TeliaSonera, BBC, Aftonbladet, mBlox, TVNorge, Entel and VG. Aspiro is listed on the Nasdaq OMX Stock Exchange in Stockholm. 2010 sales for continuing operations were SEK 262 m and the company has some 120 employees.