AOL sells internet access in France – raises cash to develop online presence
Reuters reports that AOL France is selling its internet access business to Neuf Cegetel for $365 million as it overhauls it’s online business in Europe. The important point about the report is that AOL has simultaneously boosted its war chest by $365 million – not a small amount AND created a strong partnership with Neuf […]
New Emarketer report on European online commerce
Emarketer reports Ecommerce trends for the next few years, associating robust growth in online sales to the increase of DSL lines installed both at home and at work. The report identifies the UK as the most “mature” of all European markets, outspending european and even american counterparts on an annual per capita basis. The study […]
China Telecom and Microsoft team up with search
China Telecom Corp. Ltd., the largest Internet service provider in China, has partnered with the Microsoft to use Microsoft’s Windows Live Technology to power China Telecom’s 114 Web search network. According to media reports Microsoft will make its Live Search service available to China Telecom’s 25 million broadband customers and more than 80 million Internet […]
Personal wealth in Russia to grow at 12%
The Boston Consulting Group has released a report showing that the personal financial wealth of Russians will grow faster than anywhere else on the planet, save India. Buoyed by a flood of cash from oil and gas exports, the value of stock, bonds and other financial assets held by Russians will grow at 12 percent […]