Lisbon-based Science4you, which until now has been best known for developing toys and games, has launched a smartphone that’s designed for children aged from 6 to 12 years old.

Its new Mobile4you handset is described as “the first smartphone in the world specifically developed for children, with focus on parental concerns”.

Donald Stuart, CEO of Brainstorm, explains why mobile operators are well placed to take advantage of the revenue streams opened up by location technologies.

The area of Location based services (LBS) has been getting a lot of attention of late, and it’s no wonder, Juniper Research has highlighted that the Mobile Context and Location Services market is expected to generate revenue of $43.4 billion by 2019, up from $12.2 billion in 2014.

Real-time location sharing service Glympse says it’s picked up $12 million (£7 million) in additional funding, with new investors UMC Capital and Verizon Ventures joining existing investors Ignition Partners, Menlo Ventures and Naya Ventures.

Glympse offers real-time, temporary location sharing via mobile devices, enabling users to share their location or journey without allowing themselves to be permanently ‘tracked’.

Fresh from its recent Devices and Services deal with Microsoft, the newly slimmed-down Nokia has just announced a $100 million (£59 million) ‘Connected Car Fund’.

The fund will invest in promising automotive technology and localised services companies in collaboration with Nokia’s location-based HERE business.

Nokia has appointed Rajeev Suri as its new President and CEO with effect from 1st May.

Since October 2009 he’s been CEO of NSN, the former joint venture between Nokia and Siemens that’s now wholly Nokia-owned.