This week's podcast includes news of several new products announced at IFA 2011. In addition, we hear about reorganisations planned by Everything Everywhere, Yahoo! and Telefonica.

Telefónica has announced three significant changes to its organisational structure.

It’s setting up a new business unit called Telefónica Digital. Matthew Key, who joined O2 in 2002 and had previously been in charge of Telefónica Europe, will run the unit. It’ll be based in London with offices in Madrid, Sao Paulo, Silicon Valley and a number of locations in Asia. Around 2,500 staff will be drawn from Telefonica and its associated businesses.

Telefonica Europe - the parent company of O2 UK - has released financial results for the first half of 2011.

It now has 57.3 million customers across its European operations, a 5% increase from last year - and it says revenue was up 2.2% year-on-year to 7.7 million Euro.

In The Fonecast this week we talk about mobile payment plans from the 'big three' network operators, a new bill-paying app from Pizza Express, spectrum trading, Nokia's new MeeGo smartphone, RIM's problems and a lot more.

Download this week's show from iTunes - or listen to the podcast by using the audio player on our website.

Everything Everywhere, Telefonica UK and Vodafone UK have announced plans to create a standalone m-commerce joint venture. It'll combine the expertise from Orange, T-Mobile, O2 and Vodafone to speed the development and delivery of new mobile marketing and payment services.

Subject to regulatory clearance, the joint venture will provide a single point of contact for advertisers, marketing partners, retailers and banks. It's aiming to launch by the end of 2011.