Deutsche Telekom and France Télécom-Orange say their procurement joint venture called BUYIN will commence operations on Monday. Volker Pyrtek, previously Chief Procurement Officer at Deutsche Telekom, will be the new managing director.
Around 1.3 billion Euro is expected to be saved every year by the joint venture after it’s been running for three years.
Google has announced financial results for the most-recent financial quarter, which ended on 30th September 2011.
Revenue reached $9.72 billion (£6.14 billion), an increase of 33% year-on-year. The company also said that 40 million people had registered with the Google+ social networking service.