Mobile network Three is reportedly set to acquire its rival O2 for more than £10bn in cash. Hong Kong tycoon Li Ka-shing is set to become one of the biggest foreign investors in the UK when his Hutchison Whampoa conglomerate acquires the O2 network from its Spanish owner Telefónica.
Defense Mobile, the only wireless service platform built exclusively for current and former members of the U.S. Military, has announced it has completed a total of $20 million of Series A financing. The investment will enable the company to aggressively expand its distribution and marketing efforts in 2015.