News In Brief: Qualcomm, Apple, Vevo

Qualcomm has joined forces with telco mogul Carlos Slim to roll out low-cost wireless video game console Zeebo in Mexico. Slim’s America Movil will bundle internet access for the  Zeebo console. The discount console was developed particularly for the developing countries, and was first launched in Brazil in June.

Apple may end the practice of iPhone carrier exclusives within a year, according to analyst firm Piper Jaffray.

Vevo, the music video JV between YouTube, and record labels Universal Music and Sony Music, is currently in the process of raising new funding at a €209m valuation. The ad-supported music video site will be operated by YouTube when launched later this year.

Norwegian financial services group DnB NOR has renewed a three-year, 240 million Norwegian kroner (€27.9) agreement with Telenor for the supply of mobile, fixed and IP services.