Vodafone Makes First Mobile Internet Acquisition

• Posted: Wednesday, May 21, 2008
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• Author: pradhana
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• Filed under: Miscellaneous

By Lynnette Luna

Vodafone made its first acquisition in the mobile Internet space, paying $49 million in cash for Zyb, a private Dutch company that provides social networking and contacts management technology--two hot applications in the mobile space. Zyb enables mobile users to back up their contacts on a website and offers IM services and calendar-sharing with other users online, a service that could morph into a platform for mobile advertising. The deal is part of Vodafone's "total communications" strategy in the newly created Internet Services division to offer services beyond the mobile phone.

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