Telecom articles

Mexican billionaire Carlos Slim invests $40 million in Shazam

Mexican business tycoon Carlos Slim recently invested $40 million in music recognition service Shazam. The cash infusion will help the company with continued growth in music, aid expansion efforts into television and help make inroads into Latin American according to…

Verizon Q1: 677,000 new wireless users, 7.2m smartphone activations

Verizon has posted its financial results for the first quarter of this year, showing strong growth that beat expectations with net income jumping 15.8% on-year to $1.95 billion ($0.68 a share) and revenue rising 4.2% to $29.4 billion. Analysts polled…

SK Telecom considers buying Blockbuster

South Korea's SK Telecom, the country's largest mobile carrier by revenue, is contemplating making a bid for the struggling video chain Blockbuster. The deal would be an attempt to diversify away from its Korea-only network, where it has a tough…