Financial and Business

Services more important than hardware

Telco services market topped $65 billion in 2007

 Ovum today published 2007 service business results for network infrastructure vendors. The telco services market hit $65 billion in 2007, including product, network, and IT-related service spending. Network equipment providers

Mis-selling regulation not necessary, operators say

We're already acting, say Orange, Vodafone and O2

 We’ve had some reaction to our story about Ofcom moving to  a fines based system to enforce operator compliance around mis-selling.

Not surprisingly the operators show willing to sort any problems out, pointing to the efforts they have made to do so far – and broadly reject the notion that Ofcom needs to go to formal regulation to deal with this

Vodafone UK makes 450 redundant

Cuts management jobs by 20%, but adds sales and  support staff

Vodafone UK is making 450 staff redundant, it has said today. Senior management levels will be reduced by 20%, and most of the jobs will

Mobile mis-selling provokes Ofcom into action

Operators face fines in face of rising customer complaints

The failure of a voluntary code of conduct addressing mobile mis-selling has provoked UK Regulator Ofcom to issue proposals that will see mobile operators fined by a maximum of 10% of relevant revenue if they are found to have engaged in mis-selling mobile services to consumers.

Ofcom says it expects to introduce the new General Condition in the summer of 2008, after

ROK acquires mobile applications developer Geniem

ROK Entertainment Group, the mobile entertainment specialist, has announced it has acquired a 51% controlling interest in Geniem, a Finnish mobile and web applications development company.

3BILL acquires social network platform

3BILL, the mobile division of Symbios Group, has confirmed today that it has acquired leading social network platform, www.faces.com

ZTE finances Czech MobilKom a.s. European network operations

ZTE, a global provider of telecommunications equipment and network solutions, has announced that it has finalised a Buyer's Credit Facility arrangement for MobilKom a.s., a leading trunking solutions provider in Czech Republic. As part of ZTE's expansion in

T-Mobile Venture Fund makes strategic Ubiquisys investment

T-Mobile Venture Fund has today announced that it has made a strategic investment in 3G femtocell specialist, Ubiquisys, joining Google and original investors Accel Partners, Atlas Venture and Advent Venture Partners.