Dutch incumbent KPN Telecom NV (NYSE: KPN) is hoping to plug itself into innovation with the launch of a dedicated venture fund, KPN Ventures. The carrier has reserved an initial total amount of €35 million for investments in startups that meet the criteria of the fund.
Apple Inc. (Nasdaq: AAPL) is set to roll out its smartphone-based payment service, Apple Pay, in the UK later this summer, according to the Daily Telegraph. The iPhone accounts for almost half of all smartphones sold in the UK, so the payment system has the potential to take off where others have flopped.
Telekom Austria Group has bought a fixed-line operator called Amis that serves customers in Croatia and Slovenia and will support the Austrian incumbent's convergence strategy. Telekom Austria did not disclose the financial terms of the deal but said the move would allow it to offer the full array of fixed voice, broadband, TV and mobile services in six of its eight markets. Amis claims to serve 86,000 customers across Croatia and Slovenia with fixed voice, broadband and TV services.
Orange (NYSE: FTE) CEO Stephane Richard is off on a damage-limitation visit to Israeli Prime Minister Benjamin Netanyahu following his remarks last week about wanting to end his company's licensing deal there as soon as possible, reports Reuters. Richard's remarks, referring to Orange's brand licensing arrangement with Partner Communications, seemed to be expressing condemnation of illegal Israeli settlements (in the eyes of international law), but he later denied supporting a boycott of Israel, claiming he had been misunderstood.
nasimson, User Rank: Light Sabre 6/29/2015 | 11:33:15 AM
Did the visit help? > Orange (NYSE: FTE) CEO Stephane Richard is off on a damage-limitation > visit to Israeli Prime Minister Benjamin Netanyahu following his remarks > last week
So what happened of this visit? Was Orange able to patch up? One more case of how global businesses intertwine with international relations to create interesting dynamics.
Telenor also has this presence in India, Myanmar, Pakistan and Bangladesh - with some of these countries at odds with some. A nationalistic marketing campaign in one country is not seen as a credit in the other country.