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October 26, 2011 12:09 am GMT
Live video streaming service Ustream continues to expand its presence in Asia with the help of major telecom corporations.Today, the company is announcing that it's teaming KT Corporation, a leading telecommunications provider in South Korea, to launch Ustream Korea. Ustream will be launching its new Korean portal in January 2012, with a new office opening in Seoul that month as well. The joint venture includes a new $10 million funding round for Ustream, which brings the company's total funding to $98.7 million.The bulk of that funding comes from Japanese telecom provider Softbank, which forged a deep relationship with the company in February 2010 and has invested 75 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/emhnZy4NueY/
Ustream Forges Joint Venture With South Koreas KT Corp., Raises $10 Million
Live video streaming service Ustream continues to expand its presence in Asia with the help of major telecom corporations.Today, the company is announcing that it's teaming KT Corporation, a leading telecommunications provider in South Korea, to launch Ustream Korea. Ustream will be launching its new Korean portal in January 2012, with a new office opening in Seoul that month as well. The joint venture includes a new $10 million funding round for Ustream, which brings the company's total funding to $98.7 million.The bulk of that funding comes from Japanese telecom provider Softbank, which forged a deep relationship with the company in February 2010 and has invested 75 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/emhnZy4NueY/
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