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

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May 31, 2007 - Posted by | Best mobiles

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