The mobile health market is set to generate revenues of nearly $21.5 billion in 2018, according to new data from BCC Research.
The projection implies revenues will grow at a compound annual rate of 54.9% between now and the end of the forecast period.
The market-research company says Europe will be the fastest-growing market, with revenues increasing at a compound annual rate of 61.6% between now and 2018.
Welltok has acquired mobile health app developer Mindbloom in a move aimed at expanding its capabilities in the fast-developing telehealth sector.
The terms of the transaction were not disclosed by Welltok (Denver, CO, USA), which describes itself as a “pioneer in health optimization”.
The company did, however, indicate that it plans bolster its own CafeWell Health Optimization Platform through the Mindbloom (Seattle, WA, USA) takeover, providing customers with access to a range of health programs, content and applications.
Mobile operator Orange Cameroon is set to launch what it describes as a “preventive medical service” in collaboration with the country’s Ministry for Health.
The operator – a subsidiary of France’s telecoms incumbent Orange (Paris) – says the My Healthline service has been developed by its Orange Healthcare division and will provide remote medical advice in real time.
It is due to be released in April, and the operator plans to expand it to other sub-Saharan markets in Africa in future.
Altice has reportedly said it has no plans to increase its offer for Vivendi’s SFR after bidding rival Bouygues raised its own offer last week, according to Bloomberg.
Altice (Paris, France) has the flexibility to revise its bid between now and April 4 – when exclusive talks with Vivendi (Paris, France) are set to end – but believes it has the support of Vivendi, which is likely to face fewer antitrust and other regulatory hurdles in a sale to Altice than one involving Bouygues (Paris, France).
New Zealand operator 2degrees says it has kicked off a three-month trial of 4G technology with plans to introduce commercial services by July.
The operator – the smallest of New Zealand’s three mobile players – is running an LTE trial at ten sites in central Auckland, using 1800MHz spectrum.
The aim is to launch commercial services in central Auckland by July before expanding into the wider Auckland area and the cities of Hamilton, Wellington and Christchurch by the end of the year.
Egypt's Telecommunications Minister Atef Helmy said on Sunday the country's long awaited unified telecom licence for both mobiles and landlines will be activated within three months.
The licence would allow telecommunication companies to operate fixed-line and mobile networks, which would in turn allow Egypt's fixed-line monopoly Telecom Egypt (Cairo) to offer mobile services.
Sprint Corp cut 330 jobs and closed 55 stores around the country this week, as part of an ongoing plan to shrink its workforce in 2014, Cnet.com reported.
The third largest U.S. mobile operator would not specify the number of jobs lost, but said it will retain 85 percent of employees affected by the closings.
The operator also closed call centers in New York, Kansas, California and is shrinking centers in Florida and Texas.
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French telecoms player Bouygues has agreed a €1.8 billion ($2.5 billion) sale of its mobile-phone network to rival Iliad on the condition that French competition authorities approve its €14.5 billion takeover of SFR, the country’s second-biggest mobile operator.
Announced at the weekend, the deal would see Bouygues (Paris, France) transfer ownership of its mobile network and a batch of frequencies to Iliad (Paris, France), which currently rents capacity on the network of Orange (Paris, France) to provide mobile-phone services under the Free brand.
Deutsche Telekom has slashed its free cash flow target for 2015 from €6 billion ($8.33 billion) to little more than €4.2 billion owing to the investment demands of its T-Mobile US subsidiary.
Reporting full year results, the operator said it would increase spending on the rollout of its LTE network using the 700MHz frequencies it recently acquired from Verizon Wireless (New York City, NY, USA).
Its goal is to extend coverage to about 250 million people, up from 225 million at the end of 2013.