News Bytes: LinkedIn India, 3G Auction, Nokia ‘s m-Banking Service..and more

Nokia plans to launch m-banking services

Nokia plans to launch Nokia Money, it’s mobile banking service early next year. The company is currently in talks with six banks to offer an universal platform where the mobile phone can be a medium for banking, international remittance, payment of utility bills, pay merchants for goods and services and buying tickets (via).

3G Auction

3G Auction, scheduled for 14th January has witnessed lack of interest from foreign firms. The auction is slated to generate Rs. 25K-30K crore for the government.

Foreign telcos that do not have operations in India have complained that while new 3G players will have to pay $410 million to obtain a licence to provide wireless and wireline services, they won’t get the start-up 2G spectrum that is required to provide traditional voice and data services. [more]

Network Quality over Price

Neilsen study suggests what we all know – "Network quality is the most important consideration for Indians when it comes to selecting a service provider”. What’s interesting is that Indians don’t really know which service provider has the best network in their circle, all they know or to be more precise are told by the service providers is how much lower their prices are when compared to the competition [more details]

LinkedIn India Operations

LinkedIn India has roped in Hari V Krishnan, country head of MySpace India to spearhead India operations. (details)