Norwegian telecoms group Telenor entered the online classifieds market on Monday, taking a stake in a Southeast Asian venture and establishing a South American business, it said in a statement.
Telenor (Fornebu, Norway) will take a 33.3 percent stake in Southeast Asia focused 701 Search, an existing venture between Singapore Press Holdings and Norwegian publishing house Schibsted, and agreed to establish a 50/50 joint venture with Schibsted to create SnT Classifieds with a focus on South America.
Customers of SFR’s 4G services will have access to online music from Napster thanks to a new partnership between the two companies.
The deal is the latest example of collaboration between operators and so-called over-the-top (OTT) providers, which have traditionally been viewed as a threat to the revenues operators generate from traditional telecoms activities.
4G networks are set to handle more data traffic than 3G ones by 2016, according to a new study from ABI Research.
Although 4G infrastructure supported just 2.9% of all mobile subscriptions at the end of June 2013, it is on course to account for more than 20% of all mobile data traffic by the end of this year, according to ABI Research.
The market-research company also predicts that 4G networks will account for two thirds of all data by 2018.
Aggressive 4G deployment and the falling price of 4G smartphones and tablets are the main drivers of this development.
German phone company Deutsche Telekom will pick a buyer for its online classified advertising business Scout24 from four private equity firms, Focus magazine reported on Saturday.
Bidders Apax (London, UK), Silver Lake (Menlo Park, CA, USA), Hellman & Friedman (San Francisco, CA, USA) and TPG Capital (Fort Worth, TX, USA) must submit final bids by the end of October, the weekly magazine said, without citing a source.
The price range for Scout24 continues to be 1.5-2.0 billion euros ($2.03-2.70 billion), according to Focus.
Data upload traffic on the mobile network of UK operator EE has exceeded downloads for the first time ever at a number of major events, according to new research from the operator.
“For the first time in the UK, the amount of data uploaded onto our network has surpassed downloads at major events such as the London Marathon and Baroness Thatcher’s funeral,” said Fotis Karonis, EE’s (Hatfield, UK) chief technology officer.
China Telecom has reported a sharp rise in earnings and revenues for the first six months of the year thanks to soaring demand for the iPhone and mobile data services.
The operator – China’s third-biggest behind China Mobile (Beijing, China) and China Unicom (Beijing, China) – saw net income increase by 15.9% for the first half, to RMB10.2 billion ($1.67 billion), compared with the same period last year, while revenues grew by 14.1%, to RMB138 billion, over the same period.
Russia’s MTS swung to a net profit and reported revenue growth for the three months ending June thanks to rising demand for mobile data services and various one-off gains, including settlements related to its disputed ownership of Bitel, an operator in the Kyrgyz Republic.
Nearly half of all mobile-phone customers in emerging markets will be using smartphones by 2017, compared with just a fifth today, according to new research from Ovum.
The market-research company says demand for mobile internet services in urban areas of emerging markets will drive the adoption of some two billion smartphones by 2017.
Encouraging that development is the lack of fixed internet infrastructure in many emerging-market countries, as well as the growing purchasing power of consumers living in urban areas.
Facebook Inc's (Menlo Park, CA, USA) Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd (Seoul, South Korea), Qualcomm Inc (San Diego, CA, USA) and four other companies for a project aimed at bringing Internet access to people around the world who can't afford it, mirroring efforts by Google Inc (Mountain View, CA, USA) and others.
The project is called Internet.org and will be launched Wednesday. It focuses on enabling the next 5 billion people without access to come online, Zuckerberg said.
The stars may be aligning for a long-awaited deal between Apple Inc and China Mobile Ltd, the world's biggest mobile carrier, that could help the iPhone maker claw back lost ground in its most important growth market.
Apple (Cupertino, CA, USA) is expected to unveil its redesigned iPhone next month and may also release a cheaper, emerging market smartphone.