Mobifun’s Weblog

Do Fun with your Mobile….

VC Funds Increase Interest In Telco Sector

Telecom companies are once again attracting investment money, with venture capital firms putting $2.6 billion into the telecommunication industry last year according to MoneyTree Report from accounting and research firm PricewaterhouseCoopers (PwC). Xchange writes that “without question, wireless content is king” and gives a couple of examples to back that up—although it appears to be ignoring the $900 million gained by Clearwire last year.

Anyway, in the last year’s fourth quarter $469 million was invested in the telecom sector, of which “three mobile content aggregators and distributors received a total of $112 million”. Those were Cellfish Media with $50 million, Motricity with $32 million and MobiTV with $30 million. Both Cellfish and Motricity have gained more investment since then


May 31, 2007 - Posted by | Best mobiles

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: