Sprint Teams up with Spotify and Nokia Announces New CEO Rajeev Suri
Sprint Corporation (NYSE: S) has struck a deal with Spotify to help market and promote the company's service. Spotify offers millions of songs free and by subscription. The deal gives Sprint’s customers in the United States free access to Spotify’s paid version for up to six months and further discounts for more than a year beyond that period. Spotify’s paid plans normally sell for $10 a month.
Sprint Corporation provides wireless and wireline communications services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. It operates in two segments, Wireless and Wireline. The Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; mobile entertainment applications; and local and long distance wireless voice services, as well as voicemail, call waiting, three-way calling, caller identification, directory assistance, and call forwarding services.
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Nokia Corporation (NYSE: NOK) has appointed a new chief executive officer Rajeev Suri. Suri has amost 20 years of being a veteran at Nokia and he will get a base salary of $1.4M a year. His salary is smaller than his predecessor Stephen Elop who received a salary of 1.1 million euros as part of his 2013 compensation valued at 9.66 million. Elop also got a severance payment of 24.2 million euros. Elop stepped down as CEO last September, right around the time when Microsoft agreed to buy Nokia’s handset division. He has rejoined Microsoft as part of the deal.
Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. The Devices & Services segment offers feature mobile phones and smartphones consisting of the windows phone operating system; and spare parts. The HERE segment develops a range of location-based products and services for consumers, platform services, and local commerce services for its feature phones and smartphones, as well as for other device manufacturers, automobile manufacturers, application developers, Internet service providers, merchants, and advertisers.
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