Telefónica launched a mobile advertising exchange platform it said is the first to be owned and backed by a mobile operator, as it vies for a slice of a market that generated an estimated 13 per cent of all internet ad spending in 2013.
Egyptian billionaire Naguib Sawiris said he is prepared to invest between $1 billion (€1.38 billion) and $2 billion in Telecom Italia if Telefónica withdrew from the company, and said the Italian company needed funds for future investments.
South African operators Vodacom and MTN agreed to acquire mobile subscribers from Nashua Mobile for a reported 2.26 billion rand (€155 million/$214 million), as the reseller prepares to exit the local mobile market.
Telefónica revealed that its landmark joint venture with Spanish banks CaixaBank and Banco Santander will be named Yaap, and that the first services will be launched in Spain in a matter of months.
Vodafone's move to take full control of its Indian subsidiary is unlikely to deter potential suitors that are eying an acquisition of the UK-headquartered group, a leading Ovum analyst says.
Telecom Egypt will pay a hefty fee for a new unified operating license in the country, under plans revealed by telecoms minister Atef Helmy.
Bouygues tendered a third bid to acquire rival French mobile operator SFR on Friday--the day the board of SFR parent Vivendi board is expected to vote on a competing offer from Altice after three weeks of exclusive negotiations with the company.
Operators are hedging their bets when it comes to over the top (OTT) messaging, embracing specialised OTT companies on the one hand, while on the other continuing to develop their own OTT messaging strategies.
Vodafone launched its M-Pesa mobile payment system in Romania on Monday, marking the first time the successful service has been available in Europe.
Altice may have been granted a three-week exclusivity period to discuss its take-over offer for SFR, but Bouygues is clearly not giving up and continues to put pressure on Vivendi to consider its offer.