Financial and Business

picoChip closes growth round funding of $27 million

Highland Capital Partners and strategic partners enter as new investors

picoChip has announced that it has secured $27 million of new investment in fourth round funding.  Highland Capital Partners led the financing round together with undisclosed key strategic

Orange enters Austrian market with One purchase

Updated with Telekom Austria reaction

FT Orange and private equity firm Mid Europa have announced that they will buy third placed Austrian mobile operator One from its existing shareholders €1.4 billion. Mid Europa will own a controlling stake

Acision launches today

Former LogicaCMG telecoms unit formally launched

Acision, the messaging business of LogicaCMG taken private in April, has formally launched today.

Nimbuzz completes $10 million in new financing

Mangrove Capital Partners, MIH Group and Holtzbrinck Ventures participate in the financing

Founded in 2006, Nimbuzz provides the tools to connect the 2.2 billion global users of mobile devices with the 1.1 billion global Internet users in real

Bank of Scotland (Ireland) takes 10% stake in Blue Ocean Wireless

Investment values company at USD 48 million

Blue Ocean Wireless (”BOW”), an Irish company focused on delivering GSM communication capability for the merchant maritime sector, today announced that Bank of Scotland (Ireland) has acquired a 10% equity interest

Mobile industry heavyweight joins ROK Entertainment Group

ROK Entertainment Group, a specialist mobile TV and applications development company, has today announced the appointment of Laurence Alexander as Chief Executive Officer.

Mobile market 'at risk' as new applications fail to meet consumer needs, claims market assessment

Consumers 'suspicious of overly complex and expensive mobile content applications'

Alpheus Solutions has released a mobile content market assessment paper which, it says, highlights the risks the mobile industry faces from failing to align new services and applications

Roaming - the EU, the prices and the reaction

Can innovation still flourish?

The European Parliament voted on Wednesday in favour of an EU Regulation to substantially reduce the charges for using mobile phones abroad.
The parliament's decision sets a ceiling price of 49 eurocents per minute for