Mobile-based music recognition service Shazam has arranged a new $30 million investment (around £20 million), which values the company at over $1 billion (£663 million).

The company has over 100 million active mobile users per month and has seen its app downloaded over 500 million times.

Shazam, which enables users to identify or ‘tag’ music tracks and learn more about TV shows via a smartphone app, has predicted the music artists that it expects will ‘break’ during 2014.

Overall, more than 400 million people use Shazam worldwide, with more than 15 million Shazam searches taking place every day.

Media engagement company Shazam, which offers a mobile-based music identification service, says its free mobile app has now been used more than 10 billion times to identify and ‘tag’ songs, television shows and TV ads.

The 10 billionth song was ‘Applause’ by Lady Gaga, which was tagged on an iOS device in the US state of New Jersey.

We start this week's podcast by talking about an Android security risk - before moving on to new 4G services from EE, a drop in Nook tablet prices and a couple of quarterly results that disappointed the stock market.

In addition we discuss insurance complaints, Bluetooth Smart technology, a new multi-million investment in Shazam and some research about the future of apps.

America Movil, which is Latin America’s largest mobile telecom network operator, has invested $40 million in mobile music recognition and media engagement company Shazam.

The money will help accelerate Shazam’s growth as well as funding the development of new products.

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Mark Bridge writes:

James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

The Fonecast returns to its usual format this week, catching up on industry headlines including Ikea’s virtual network, new mobile music services and a surprising survey. There’s also time in the podcast for a quick preview of the new Sony Ericsson T700.

This week we've recorded a special version of The Fonecast for the summer holidays. Download it and discover our top ten tips for taking your phone abroad: essential information whether you're advising customers or planning your own escape!

This week's edition of The Fonecast includes an interview with United Mobile's UK Managing Director about VoIP, a preview of the new S2 Skypephone and a look at news headlines & rumours from the past seven days.

Iain Graham, Mark Bridge and James Rosewell from The Fonecast take an in-depth look at mobile industry headlines from the last seven days, including the potential changes to text charges when using your phone abroad. In addition, there's a preview of the Motorola ROKR E8.

In this week's edition of The Fonecast we take a look at the Samsung Tocco and talk to Amirul Choudhury from ChyTel Communications. As usual, we’ll also be having our regular discussion about the latest mobile industry headlines.