Over 2 billion mobile phone and tablet users will make some form of mobile commerce transaction by the end of 2017, according to a new report from Juniper Research.

That’s up from an anticipated 1.6 billion people this year.

Facebook has announced its latest quarterly earnings figures and has also revealed details of the social network’s mobile-based users.

The number of monthly active users (MAUs) was up 15% year-on-year to 1.28 billion, with mobile MAUs up 34% to 1.01 billion.

Facebook has agreed to acquire virtual reality company Oculus VR in a deal worth approximately $2 billion (£1.2 billion).

Oculus VR has become well-known for its ‘immersive’ virtual reality technology, having received more than 75,000 development kit orders for its Oculus Rift 3D virtual reality headset.

Facebook has agreed to acquire cross-platform instant messaging app WhatsApp for around $16 billion (£9.6 billion).

The deal to buy the five-year-old company includes $4 billion in cash and around $12 billion in Facebook shares.

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?

This week's edition of The Fonecast talks to Mike Trotman from Aura about their mobile industry Customer Satisfaction survey. There's also a look at the latest mobile news headlines and a quick review of the new LG Secret.

The Fonecast team discusses the future of mobile retailing following Carphone's 10% share price drop, reviews the NFC-equipped Nokia 6212 classic and brings you the latest news and views.

Iain, James and Mark from TheFonecast.com talk about the week's mobile industry news and rumours. There's also a discussion about faulty smartphones with Mark Pollak of Turn On Your Mobile, plus a quick review of the Samsung J700.

This week the team review the LG KF510, discuss box breaking, bring you the latest news and views including the worlds LARGEST mobile phone, Videocon's interest in Motorola, and a possible joint venture between Skype, eBay and Google.

The Fonecast team reviews the Sony Ericsson W760 and discusses the future of mobile advertising. This week's news includes mobiles on the plane, 3G iPhone, Chatterbox and 3 making money.