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Industry: Email Alert RSS FeedSonera to cut 70 jobs from Zed mobile Internet portal.
RCR Wireless News, May, 2001
STOCKHOLM, Sweden--Sonera Corp. said it will cut about 70 jobs from its Zed mobile Internet portal, citing slower revenues and a rough foreign expansion. The mobile Internet unit now employees about 400 people in the United States and Europe. The Zed portal launched in the United States in March, and offers a variety of services, including ringing tones and icons, games, horoscopes, movie times, restaurant guides and up-to-the-minute stock prices as well as lottery numbers, quizzes and news.
The company said its service is the "best bet" for operators who want to appeal to the youth audience.
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