• TMUS mobile video partner Quibi raised another $400m in its latest round of investment. It also disclosed further details of the deal it announced with TMUS in late‑2019.

T-Mobile US partner Quibi raises another $400m

T-Mobile US partner Quibi raises another $400m

Source: Meghan Schiereck / Unsplash

High-profile T‑Mobile US (TMUS) mobile video partner Quibi raised another $400m (€359m) in its latest round of investment. It also disclosed further details of the deal it announced with TMUS in late‑2019 (Deutsche Telekomwatch, #88), saying the operator will bundle its service within certain plans, at no extra cost, when it is launched on 6 April 2020. Quibi itself plans a two‑tier subscription model, charging users $4.99 a month for an ad‑supported service or $7.99 for an ad‑free experience. Some details of its content strategy have also been revealed, with the provider planning to launch 175 shows with 8,500 episodes in its first year.