At a Barcelona apartment on the night of Feb. 24, Facebook Inc. (FB)'s Mark Zuckerberg hosted about 20 executives, many from the top phone companies, said people familiar with the matter, who asked not to be named because the gathering was private. Adding to the ambiance was Facebook's $19 billion agreement to buy messaging service WhatsApp Inc. -- a deal that underscores the rising tension between carriers and providers of popular Internet services such as video streaming and music downloads. Vodafone Group Plc (VOD) Chief Executive Officer Vittorio Colao and Orange SA (ORA) CEO Stephane Richard, both attendees at the dinner, have been vocal about the need to level the playing field between the two industries. As Facebook benefits from soaring mobile-advertising revenue and WhatsApp gains messaging users, wireless carriers, which have spent billions of dollars building and running the networks that enable the so-called over-the-top services, say they aren't getting their fair share.
via Business News - Yahoo Finance http://ift.tt/1hSlV86
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