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Iflix gets US$90m to battle Netflix in emerging markets
Add BT as a preferred sourcePublished Wed, Mar 8, 2017 · 09:50 PM
Los Angeles
IFLIX, a video-streaming service with customers mostly in South-east Asia, raised US$90 million in a round led by telecommunications giants Liberty Global plc and Kuwait-based Zain to take on Netflix Inc and Naspers in Africa and the Middle East.
The investment will also fund expansions throughout Asia, the company said on Tuesday.
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