Mobile internet

Verizon Communications Inc. (NYSE: VZ) has emerged as the top bidder in an $81 billion auction that provides the license to use mid-band spectrum for 5G services. What Happened: The Federal Communications Commission(FCC) said that the auction net winning bids resulted in $81.11...

The Western Union Company (NYSE: WU) has acquired a 15% stake in a Saudi Arabian digital payment business, Reuters reported. What Happened: The $200 million stake is in a digital payment unit of Saudi Arabia’s STC Group, a telecom. Why It Matters: Western Union is one of many companies vying...

The dawn of globalization paved the way for food supply chains to become truly borderless. As businesses try to keep pace with the growing demands of the local populace, sourcing consumables from around the world requires being persistent with taut logistics run via punishing operational schedules...

The investing world was, well, atwitter with the Twitter (NYSE: TWTR) IPO that debuted last week. The stock gapped open higher before closing below the opening price on Thursday, and falling another seven percent on Friday. The action in Twitter is not surprising, considering what happened to...

Israeli startup, Onavo, was acquired by Facebook (NASDAQ: FB), according to an Onavo blog post  Monday. Onavo makes data compression software, which Facebook said it planned to use in promoting the goals of Internet.org. Internet.org is a pet project of Mark Zuckerberg who hopes to offer mobile...

Wall Street hasn’t been one of Facebook’s (NASDAQ: FB), biggest fans—particularly when it comes to its inability to monetize mobile users, but that might be changing. Investors who stuck with the company are seeing the rewards in part because of improving mobile metrics. Facebook is finally...