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investment

MoMinis secures US4.5M in funding

Israeli mobile games publisher MoMinis has secured US$4.5 million in second round funding, stating that the success of its PlayScape Mobile Mega-Game was a key factor in attracting the investment.

Deutsche Telekom weighs up UK, Dutch options

Deutsche Telekom could sell its stakes in its operations in the UK and the Netherlands next year. Sources say Deutsche Telekom had considered selling up in these two markets previously but will do so again in 2013 once it has reviewed the performance of its European units at an annual strategic meeting of management due to take place in the summer.

Orange invests millions in digital VC initiative

France Telecom-Orange has partnered with digital agency Publicis Groupe and Iris Capital Management to create a venture capital programme to invest in digital businesses in Europe. Orange and Publicis will contribute a combined EUR150 million into the fund which will be added to another EUR150 million from existing Iris investors.

Telefonica unveils London technology start-up programme

Operator group Telefonica this afternoon announced a technology start-up incubator programme in London as part …

AT&T wireless data volume doubling every year

US number-two operator AT&T saw a doubling of wireless data traffic between 2010 and 2011 and a 20,000 percent growth over the past five years

SK Telecom reports reduced profit despite revenue boost

South Korean number one operators SK Telecom has reported increased revenues but lower net income for 2011 compared to the previous year

Polar Mobile raises US6M to fund new media distribution platform

Mobile media distribution company Polar Mobile raised US$6 million of funding to invest in its MediaEverywhere platform

Samsung to invest US6.5B in mobile chips in 2012

Samsung Group plans to invest KRW7.5 trillion in smartphone and tablet chip technology in 2012 as part of a KRW47.8 trillion investment into the company

AppTap secures US4M funding

App recommendations service and advertising network AppTap has secured US$4 million funding

NSN CEO: Expect no more cash from Nokia and Siemens

The CEO of Nokia Siemen Networks (NSN) has warned that the mobile phone network equipment maker should not expect any more investment from parent companies Nokia and Siemens