France Telecom-Orange has announced an agreement to sell Orange Switzerland to investment group Apax Partners in a deal worth 2 billion Swiss Francs (£1.37 billion).
The arrangement is subject to regulatory approval.
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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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Swiss watch manufacturer TAG Heuer has announced what it's calling "the first Swiss luxury touchscreen smartphone".
The TAG Heuer LINK runs v2.2 of the Android operating system and follows in the footsteps of the MERIDIIST, the TAG Heuer luxury phone produced by French manufacturer ModeLabs in 2008.
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