Aspiro TV enters into agreement with operator in Latin America

Aspiro AB today announce that it has signed an agreement with a mobile network operator, to deliver video streaming services in Latin America. The agreement has a term of three years and will generate annual revenues in the range between 5-8 MSEK, starting from Q3 2011. More details about the agreement will be released later this fall.

Aspiro’s goal is to achieve minimum 10% growth in the TV business segment in 2011 compared to 2010. Aspiro expects improved profitability in TV going forward.

This information is mandatory for Aspiro AB (publ) to publish pursuant to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 8:30 a.m. on 14 September 2011.

For more information, please contact: Kristin Castillo Eldnes, Head of Corporate communication and IR, +47 908 07 389, kristin.eldnes@aspiro.com or Gunnar Sellæg, CEO, +47 901 81 528, gunnar.selleg@aspiro.com.

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 its music streaming service WiMP direct to consumers on selected markets. Aspiro utilize over ten years mobile technology and retail experience, delivering its premium services to companies worldwide including T-Mobile, 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.

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