Telecom takes a bite of App La Carte

Mon, 07 Jul 2014

By Suze Metherell July 7 (BusinessDesk) - Telecom Corp's startup incubator, Digital Ventures, has snapped up a strategic stake in App La Carte, the self-help business app creator, as New Zealand's largest telecommunications provider targets future revenue streams away from its bread-and-butter earnings base. Digital Ventures took a 20 percent stake, with the option to increase its holding up to 40 percent in the Auckland-based app developer, Telecom said in a statement. The incubator has previously invested $5 million in Sir Ray Every's...

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