Spotify expands into new territories

Written by frtyfve Team

Global streaming giant Spotify has today launched its service in South Africa, Vietnam, Romania and Israel.

Spotify’s expansion into new territories comes as it prepares to trade its shares publicly on the New York Stock Exchange in early April. Based on the expected share price, the move could value the firm at more than $23bn (£16.7bn).

After going live in South Africa, Vietnam, Romania and Israel, Spotify’s service is now operating in 65 markets. Spotify remains the largest streaming service in the world with 71m premium subscribers and 159 million total users.

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