We’ve been saying that the screen in the hand will win over the screen on the desk for sometime. So it is with pleasure that we note the big boys are coming to the same position. Chattertrap has already caught the eye of Li Ka-shing, a Chinese billionaire who has invested in Facebook and the music-streaming service Spotify. Mr. Li recently led a $1.
Informa: TM doubles international budget Telekom Malaysia (TM) has earmarked to spend MYR8 billion (US$2.3 billion) this year expanding its international mobile businesses in Indonesia, Sri Lanka and Bangladesh, which is considerably more than the MYR2.8 billion it spent on its overseas units last year. TM chief executive Datuk Abdul Wahid Omar said TM’s foreign operations are expected to make 30% of group revenue this year, compared with 25% in 2006. However, the group is planning to trim its 87% stake in Sri Lankan mobile operator Dialog Telekom to not less than 80%, Wahid is quoted as saying.