Telefónica and China Unicom have each agreed to buy $500 million of each other's shares.
This'll give Telefonica around 9.7% of China Unicom and will give China Unicom a 1.37% stake in Telefonica.
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There are some changes at the top of Telefónica Europe and its IP phone service Jajah.
Trevor Healy, currently CEO of Jajah, is stepping up to become Chairman of Jajah and will also have a new role as Chief Innovation Officer for Telefónica Europe. Meanwhile Steve Alder, who’s General Manager of UK and Group Devices for Telefónica Europe, will become the new CEO of Jajah.
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Telefónica and Nokia have launched what they describe as ‘the first totally green mobile phone offer’. It’s being launched in Spain and will later be introduced into the UK.
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Telefónica Europe is the latest company to report its Q3 financial results. It says its European customer base has risen 14% year-on-year to 55 million users, with its mobile customer base up 5.5% year-on-year to 45.9 million.
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California-based Jasper Wireless and mobile network operator Telefónica has announced a partnership to connect machine-to-machine and consumer electronics devices.
They say their collaboration will speed up the arrival of new mobile-enabled consumer devices.
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