News In Brief: Telenor, Ofta, Ericsson, TringMe, Pacnet, News Corp, Vevo

Norway's Telenor has received regulatory approval to increase its stake in Indian operator Unitech Wireless to the planned 67.25%. Telenor hasn't revealed whether it will increase its stake to 74%, the maximum allowed with the new approval.

Ofta has streamlined carrier licensing in Hong Kong, killing off the 20-year-old PNETS (Public Non-Exclusive Telecommunications Services) categories in favor of a single service-based license.
 
From October 30, PNETS licenses will be subsumed under the SBO (services-based operator) license, Ofta announced yesterday following a seven-month consultation.
 
Ericsson has signed a three-year agreement to co-develop mobile applications with Chinese social networking site Kaixin001.
 
VoIP startup TringMe has launched a Facebook app that allows user-to-user calls.
 
Pacnet has launched a solution for financial services customers requiring high-speed network connectivity. The Pacnet Lightning product leverages its pan-Asia subsea cable infrastructure EAC-C2C, connecting the region’s region's major stock exchanges in Sydney, Singapore, Hong Kong and Tokyo.
 

News Corp’s digital media unit is rumored to be divesting its version of Flickr, Photobucket. Seattle-based mobile photo-sharing service, Ontela is looking at the asset for a sale price of around €40 million. MySpace acquired Photobucket for over €167 million in 2007. 

Sony Music and Universal’s music video portal JV, Vevo, has received an investment from Abu Dhabi Media Company. Speculation suggests that investment was around €200 million and makes Abu Dhabi a founding shareholder which will help bring the service to market. 

 

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