Orange Austria is to be sold to Hutchison 3G Austria, subject to regulatory approval.
France Telecom-Orange currently owns 35% of the business, while Mid Europa Partners controls 65%. Both parties have agreed to sell their combined stakes to Hutchison.
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Mobile advertising network madvertise has arranged more than $10 million in new funding, with US-based Blumberg Capital and previous investor Earlybird Venture Capital both agreeing to provide funds.
Berlin-based madvertise has grown over the last two years to become market leader in Germany, Austria and Switzerland, making it one of the largest mobile ad networks in Europe. Last week, the company announced that its turnover had increased more than 300% in the first half of 2011.
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Analyst firm Berg Insight says HSPA and LTE mobile technology accounted for 20.6% of the total number of broadband connections on PCs and tablets in Europe at the end of 2010.
The number of mobile broadband subscribers grew by 33% year-on-year in 2010 to 33.9 million and is expected to keep growing to 96 million by 2016. In North America the figures were lower, with mobile broadband accounting for just 13.2% of the total number of connections.
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