TeliaSonera and Spotify to expand innovation partnership - Hannes Snellman counsel to TeliaSonera
Following more than five years of successful partnership, TeliaSonera and Spotify have decided to further boost co-operation. TeliaSonera will join forces with Spotify to take innovation to the next level and will additionally make an equity investment of USD 115 million. Under the new strategic partnership, TeliaSonera is investing USD 115 million for a 1.4 percent stake in Spotify. Both companies are also committing resources, staff and other assets to ignite the joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising.
Hannes Snellman acted as legal advisor to TeliaSonera.