Korea's SK Telecom has agreed to purchase 49% of mobile money venture Hana Card for 400 billion won (€236 million).The operator will become Hana Card's second largest shareholder after majority owner Hana Financial Group, Korea’s fourth largest financial firm.
Arqiva’s yet to be launched online TV play SeeSaw, has appointed Dan Watt-Smith as managing editor. He will establish an editorial voice and content strategy for the service, due to launch in Q1 of 2010. Watt-Smith was previously chief mobile editor at online video-on-demand broadcaster Babelgum.
AOL is in early talks over the possible sale of its ICQ instant-messenger business to Russia's Digital Sky Technologies in a deal that could be worth up to €205 million.
Digital Sky is also an investor in Facebook, having bought a $100 million stake in the company in July.
Korean regulators have approved the merger between LG's three telecom units - LG Telecom, LG Dacom and LG Powercom.
Sweden's Tele2 will acquire a 51% stake in Kazakhstan mobile operator NEO, in exchange for 550 million kronor ($77.1 million) and a 360 million kronor capital injection.
ICT-based technologies have the potential to reduce APAC's CO2 emissions by over 40%, according to IDC. Australia, China, India, Indonesia, Japan and Korea alone could cut their emissions by 5.8 billion tons.
Around 1.4% of all mobile network connections worldwide were used for machine-to-machine (M2M) connectivity in 2009, according to Berg Insight. The research predicts that the total number of wireless M2M connections will grow annually by 25.6% to reach 187.1 million connections or 3.1 % of total mobile connections, in 2014.
News Corp’s Fox Mobile division is suffering an executive management meltdown amid a global round of redundancies. Reports claim that CEO Mauro Montanaro, COO Kaj Hargros and CMO Giovanni Montesanti have all quietly exited the company over the last few months.