Technology
Vodafone in music deal with MySpace
Posted 01 July 2008 @ 08:02 am GMT
Shares in Vodafone rose after the mobile operator announced a deal with News Corp's MySpace under which footage from Vodafone-sponsored music events will be made available to users of the social networking website.
The new service, Vodafone Music Reporter, will be offered in Germany, Italy, Spain and the UK, and will also feature user-generated content, the telecoms group said in a statement.
"I guess content is what they want now to drive volumes over the 3G network," a trader said.
Vodafone shares were up 2.2 percent at 143.85 pence by 9:45 a.m..
Vodafone-sponsored music events include Germany's Music Unlimited Cologne festival.
(Reporting by Myles Nelligan; Editing by Quentin Bryar)
Copyright 2008 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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