Spotify, the music streaming Internet phenomenon, has announced its first major push into the mobile space by launching versions of its software for Apple's App Store and Google's Android platform.

Analysts have valued T-Mobile UK at EUR4.2 billion - slightly above earlier forecasts - and said the business would be value-accretive if it were bought by a UK rival, reports Reuters.

Operator giants Telefonica and China Unicom yesterday announced plans to buy US$1 billion worth of stock in each other to deepen a strategic alliance.

Dow Jones Newswires reports that the European Commission has told Slovakia's telecoms regulator to make the country's mobile termination rates more competitive.

Australian mobile firms Mercury Mobility and m.Net Corporation have announced plans for a merger, bringing together their respective focuses on mobile entertainment and mobile advertising.

Cellular News notes that Russia's smallest operator, MegaFon, has reported a 10.8 percent drop in second quarter profits, which it put down mainly to currency changes.

Bloomberg reports that AOL, the online unit being spun off from Time Warner, named Brad Garlinghouse as president of Internet and mobile communications to help expand its e-mail and instant-messaging business.