- Telefonica (TEF -1.2%), which has 323M subscribers worldwide (254M mobile), will offer Akamai's (AKAM -4.5%) CDN services to its enterprise clients. The companies will also partner to develop products/services in areas such as media optimization, mobile, and emerging markets solutions.
- The partnership will initially focus on Spain and Latin America - Telefonica has a large presence in each region - with plans to expand elsewhere in time.
- Akamai has already formed alliances with AT&T and Orange, aiming to expand its reseller base and prevent carriers looking to offer CDN services from turning into rivals. Those efforts took a hit last fall when Verizon (an Akamai partner) bought CDN owner EdgeCast.
- Akamai has sold off after opening higher.
From other sites
Video at CNBC.com (Jan 20, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Nov 28, 2014)
at CNBC.com (Nov 24, 2014)
at CNBC.com (Nov 11, 2014)
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