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Published On: Mon, Oct 6th, 2014

EU Competition Commission approved Facebook – WhatsApp deal worth 19 billion US dollar

European Union (EU) Competition Commission approved Facebook – WhatsApp deal worth 19 billion US dollar on 3 October 2014. The Commission cleared the deal saying that the Facebook-WhatsApp deal would not hurt competition.

WhatsApp

The deal was disputed by telecom companies as soon as Facebook had announced to acquire whatsApp earlier in 2014. The telecom companies worried that deal would hurt competition.

With the approval of EU regulators, the deal will give Facebook a strong foothold in the fast-growing mobile messaging market.

Also, WhatsApp is poised to become a potentially powerful rival to companies such as Deutsche Telekom, Orange and Telecom Italia with its plan to add free voice-call services for its 450 million customers.

WhatsApp and its rivals such as KakaoTalk, China’s WeChat and Viber have in recent years won over telecoms operators’ customers with a free text messaging option.

According to market researcher Ovum, the total share of revenue from this sector totaled about 120 billion US dollar in 2013.

What is WhatsApp and How it works !

WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchange messages without having to pay for SMS. WhatsApp Messenger is available for iPhone, BlackBerry, Android, Windows Phone and Nokia and yes, those phones can all message each other! Because WhatsApp Messenger uses the same internet data plan that you use for email and web browsing, there is no cost to message and stay in touch with your friends.

In addition to basic messaging WhatsApp users can create groups, send each other unlimited images, video and audio media messages.

Official website of WhatsApp

http://www.whatsapp.com/

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