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    Rakuten to Acquire Viber Internet Messaging App for $900 Million

    Rakuten Inc. (4755), the Japanese online retailer controlled by billionaire Hiroshi Mikitani, is buying the Viber Internet messaging and calling service for $900 million as it moves into social networking. Viber will provide a distribution channel for Rakuten’s digital products, Mikitani said at a briefing in Tokyo yesterday. Rakuten also hopes to create a game…

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  • auction
    Indian 2G Spectrum Auction Concluded With Airtel, Vodafone as Winners

    India’s 2G spectrum auction concluded after 68 rounds of bidding on Thursday with Airtel, Vodafone, Reliance Jio emerge as major winners. During the auction that lasted for 10 days (3-4 February, 2014) the government collected a cumulative bids amount of Rs 61,162 Crore. The amount fetched during this auction is much higher than the estimated…

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  • 4G-Ahead
    Airtel Kicks Off 4G Services for Apple iPhone 5s and 5c Users

    Bharti Airtel has launched 4G mobile services for its Apple iPhone 5s and 5c users in Bangalore today. In a statement, the operator said that with this service its postpaid and prepaid users can enjoy high definition video streaming with zero buffering, while claiming that the speed will fast that users can download 10 movies in…

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