Courtesy of my friend Ajit Jaokar comes this speculation, reported in the Telegraph.
Europe’s biggest telecoms groups are aiming to create a mobile phone search engine that could challenge Yahoo! and Google, the US giants.
Vodafone, France Telecom, Telefonica, Deutsche Telekom, Hutchison Whampoa, Telecom Italia and one American network, Cingular, are among the companies that will come together for secret, high-level talks at the mobile industry’s biggest annual trade show in Barcelona next week.
Big companies trying to launch a joint venture in a space they don’t understand. Let me guess–Google must be trembling. It’s doomed to fail unless they put a good startup at the core + fund them + give them special deals + leave them alone.