Telstra buys 02 networks for $60m
Australian operator Telstra has acquired O2 Networks, which is not related to Telefónica’s European operator brand O2, in order to strengthen its cloud computing business, reports Telstra. O2 Networks designs and builds networks for financial institutions and government agencies across Australia. The company says it has over 350 clients and 100 staff.
Global Telecoms Business
T-Mobile launches mobile money to help do away with excessive fees
It seems almost ridiculous that people have to pay others just to use their own money, but that is how the world currently turns. T-Mobile, however, is of a different opinion and is introducing Mobile Money as a way to keep those check cashers, payday lenders and withdrawal fees at bay.
South Korea to invest $1.5b to build 5G network by 2020
South Korea will pump 1.6 trillion won (US$1.49 billion) through 2020 with local firms to build the fifth-generation network (5G) in the country, according to Yonhap News. Authorities have been in talks with the country’s three mobile telcos, as well as tech firms such as Samsung and LG since last May, to draw up a blueprint for the country’s mobile network technology, said South Korea’s communications technology ministry.
IBM’s shares slip after its Q4 revenue falls on weak hardware performance
IBM has reported its fourth-quarter financial performance and was greeted with raspberries from investors with period revenue of $27.7 billion and earnings per share excluding items of $6.13. Using GAAP, IBM earned $6.2 billion, or $5.73. Off nearly a per cent in regular trading, IBM eased another 2.5 per cent in after-hours trading. Investors had expected IBM to earn revenue of $28.25 billion and non-GAAP earnings per share of $5.99. So IBM beat on profit, but faltered on the top line question.
eBay sets rules on bitcoin sales in the UK
eBay UK has revealed plans to allow its customers to buy and sell virtual currencies including bitcoin via a dedicated channel on its website. The online retailer is launching a ‘virtual currency’ category on its classified advertising platform, which allows users to buy and sell directly to one another without intervention from eBay. The advertising platform has been compared to Craigslist in the United States.
Windows Azure receives management boost
Windows Azure’s management capabilities have undergone a refresh to help users with websites on the platform manage them better. The new features include improved support for staging and monitoring, as well as validation of Microsoft’s public cloud for compliance with the Payment Card Industry (PCI) standards.
Amazon internet TV service rumours denied
Amazon has denied reports that it is in talks with broadcasters and media companies with a view to launching an internet television service. The online retailer was rumoured to be developing a pay-TV platform, but has now clarified that its plans in the sector involve expanding its Prime Instant Video service in the US.
Mobile Ad spend to hit $18bn this year, says Gartner
Mobile ad spend will reach $18bn (£10.9bn) globally in 2014, according to Gartner forecasts. From 2013′s estimated total of $13.1bn, spend will grow at a CAGR of 33.7 per cent over the next four years, reaching a projected $41.9bn by 2017.
Facebook news feed tweak downgrades brands’ text-only posts
In a blog post, Facebook news feed ranking product manager Chris Turitzin said while users are more likely to write more status updates themselves when they see text-only updates from their friends, the same effect was not true for text-only status updates from Pages. As a result, Facebook will now rank text status updates from pages in a lower category to text status updates from friends – meaning Page owners will see a decrease in the amount of visibility and engagement they achieve from these types of posts.